Kobo Inc.
See also: Kobo eReaderKobo Inc. was originally a wholly owned subsidiary of Indigo. Indigo announced on November 8, 2011, that Japanese ecommerce company Rakuten Inc. (JASDAQ: 4755) had "entered into a definitive agreement under which Rakuten intends to acquire 100% of total issued and outstanding shares of Kobo for US$315 million in cash."
The Kobo e-reading platform has become the dominant player in Canada, with research firm Ipsos Reid estimating that Kobo e-readers represented 36% of the Canadian market as of August 2011.
| Market share of e-readers in Canada by Ipsos Reid at August 2011 |
||||
|---|---|---|---|---|
| Sellers | Percent | |||
| Kobo | 36.0% | |||
| Amazon | 25.0% | |||
| Sony | 23.0% | |||
| Others | 16.0% | |||
Read more about this topic: Indigo Books And Music