Wednesday, March 9, 2011

Kobo Raises A New Round Of Funding

paidContent: " ... the Borders-backed e-books seller, has raised a new round of funding led by what the company says is a “major institutional investor.” Kobo doesn’t say who the investor is but does say that Canadian books retailer Indigo Books and Music, which spun off the company 15 months ago, participated in this funding round and remains its biggest shareholder. Borders, which put money in the company in December 2009 but filed for bankruptcy last month, isn’t listed as a participant in this funding round. ... "