“In January, Japanese e-commerce company Rakuten bought Kobo for $315 million in cash. And now according to Kobo, eBook downloads grew by 400 percent and eReader sales are up 160 percent and the number of people reading with Kobo internationally has grown by 280 percent year over year.
Today the company also reported its new open reading platform, ‘Read Freely.’ The company’s website explains how it works: ‘The eBooks you buy with Kobo are yours. You’re free to read them on the most popular open devices. Or, you can buy books from other eBook retailers and read them with Kobo.’ “
- Dianna Dilworth | MediaBistro.com | 6/4/12
Read the full article here for thoughts from Michael Serbinis, Kobo CEO.
