Date Closed

January 11, 2012

Lead Office

Toronto

Value

315.00 Million USD

On January 11, 2012, Kobo Inc. announced the successful acquisition of all its outstanding shares by Rakuten, Inc. for US$315 million. The acquisition by Rakuten, one of the world's leading Internet service and e-commerce companies, provides Kobo with a strong growth opportunity to expand its footprint into new and expanding markets.

Kobo, headquartered in Toronto, Ontario is a global e-reading service. 

Rakuten, headquartered in Tokyo, Japan, is a leading Internet services and e-commerce company.

McCarthy Tétrault LLP represented Kobo, with a team led by George Takach.