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As of March 2010, Indigo Books & Music owned 58% of Kobo Inc. [6] Rakuten acquired the company from these owners in January 2012. [7] [8] On 23 May 2016, Waterstones announced it had sold its eBook business to Rakuten Kobo Inc., and as of 14 June 2016, users were required to access their eBooks via Kobo's eBook site. [9]
The Kobo eReader is an e-reader produced by Toronto-based Kobo Inc (a subsidiary of Rakuten).The company's name is an anagram of "book". The original version was released in May 2010 and was marketed as a minimalist alternative to the more expensive e-book readers available at the time.
Kobo Libra Colour $219.99 at Kobo Books The Kobo Libra Colour ($219.99) is an e-reader with a colorful display. The device has both black-and-white ink that mimics text on paper and a vivid color ...
On July 19 2012, the Kobo e-bookstore launched. Advertising pamphlets for the Kobo Touch claimed a library of 30,000 Japanese titles when in reality only 19,164 were available. On July 27 2012, after criticism about Kobo's available book selection, Mikitani vowed to "exceed 30,000 (books) within July" and "make 60,000 available by August."
This was followed, after a failed attempt to buy BlinkBox books from Tesco in January 2015, [93] with Waterstones announcing it had sold its e-book business to Rakuten Kobo Inc. in May 2016, [94] subsequently directing customers who had purchased e-books through the retailer to access their e-books via Kobo's eBook site. [95]
Users may also download books through the use of the Kobo Bookstore. Adding books to a wishlist, purchasing books, and browsing through the library can be done on the Kobo itself thanks to the Wi-Fi chip. Once purchased, books are saved in the cloud and can be redownloaded at any time if the user has deleted the book from his/her device.
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