Kobo Owner, Rakuten Takes $100M Stake in Pinterest

Japanese eCommerce leader, Rakuten, owner of e-reader company Kobo, said it plans to invest $100 million in the trendy social media site, Pinterest. Pinterest, which allows users to ‘pin’ images and follow other people’s images in an online scrapbook framework, is enjoying a tremendous surge in popularity having leaped from less than one million users […]

Indigo announces sale of Kobo to Japanese firm for US $315 million

Indigo, the majority shareholder in Kobo, announced today that it has agreed to sell Kobo Inc. to Rakuten, Japan’s biggest online shopping mall operator, for US$315 million.

The book retailer, which founded and spun Kobo off in 2009 as an independent company, says expects to receive approximately US$140 million to US$150 million from the proceeds of the sale on a fully diluted basis.

Kobo Touch eReader now in stores

Indigo has announced that its Kobo touchscreen version is now available in-store.

Powered by a Freescale i.MX507 processor, the Kobo Touch features a six inch e-ink infrared screen which can display 16 levels of greyscale, WiFI connectivity, a virtual keyboard for typing, 1 GB of internal memory and the ability to add 32 GB of storage via a MicroSD slot.

Kobo launches Touch eReader; slashes the price of its WiFi eReader

Indigo this week announced it would be launching a touchscreen version of its Kobo eReader around Fathers Day. The device can be pre-ordered from the Kobo site for $139.

Kobo also announced that its Kobo Wireless eReader will now sell for $99 in the United States and $109 in Canada.

Kobo ebook reader now in stores

The Kobo ebook reader, a low cost digital book reader, went on sale at Indigo Books this past weekend.

The ebook reader features an electronic ink screen with 1024 x 768 pixel resolution similar to the one found on the popular Amazon Kindle but does not have any wireless connectivity.

Kobo ebook reader coming in May

Indigo Books this week announced that it has begun taking pre-orders for its Kobo ebook reader which will be available in stores in early May.

The ebook reader features an electronic ink screen similar to the one found on the popular Amazon Kindle but does not have any wireless connectivity so books must be transferred to the device via computers USB or Bluetooth connection.