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 […]

Rdio to come pre-installed on Kobo Vox

Kobo announced today announced that Rdio will come pre-loaded on the company’s new Kobo Vox, a $200 Android tablet with WiFi connectivity and a seven inch LCD multi-touch colour screen.

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.

Google’s Canadian eBookstore arrives with similar pricing to its competitors

Google’s eBookstore launched in Canada Tuesday. The online store, which will compete with the likes of Amazon, Kobo and Apple, is offering thousands of paid titles and nearly 2 million public domain books free of charge.

The eBookstore first opened its virtual doors in December 2010 in the United States.

Kobo unveils VOX android tablet and eReader

Toronto based Kobo Inc today announced the Kobo Vox Colour, a $200 Android tablet with WiFi connectivity and a seven inch LCD multi-touch colour screen with 1024 x 800 pixel resolution.

Kobo says the was built for readers but also comes pre-loaded with an email, web browser, and media player application. For magazine and book reading, the device also comes with the Zinio application pre-installed.

Sony says new eReader will be world’s lightest

Sony Canada today announced the Reader Wi-Fi which the company claims will be the world’s lightest eReader and one of the longest lasting thanks to an estimated battery life of over three weeks. With Wi-Fi turned off, battery life is estimated at over a month.

According to the company, the Reader Wi-Fi will also be the first eReader to offer wireless connectivity to the public library system in Canada via a dedicated icon on the device. With eReader and a valid library card, owners should be able to borrow free books from their local library.

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.

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