Japanese E-Commerce Company Rakuten Buys E-Reading Platform Kobo For $315M In Cash

[InfoGuru]

Japanese e-commerce company Rakuten has acquired e-Reading platform Kobo for $315 million in cash. Founded in 2009, Kobo is the developer of eReaders, eReading apps and more with a number of retail partners around the world. For Rakuten, this is a way for the company to get in on the eBooks market. Kobo recently debuted its Vox e-Reader tablet, touting it as the world's first social e-reader.

Attribution: CNET, ECTNews and TechCrunch.