Opérations et transactions|11 janvier 2012
Indigo completes sale of Kobo to Rakuten
Torys acted as counsel to Indigo Books & Music with a team that included Guy Berman, Jamie Becker, Christine Hunter (corporate), Robert Prichard, Omar Wakil, Damien Liddle (regulatory), Mitch Frazer (employment), Amanda Balasubramanian, Simon Williams (lending) and John Unger (tax).
On January 11, 2012, Indigo Books & Music Inc. (Indigo) announced the completion of the sale of all outstanding shares of Kobo Inc. (Kobo) to Rakuten, Inc. (Rakuten) for US$315 million. Kobo's management team will remain with the company, which will continue to be headquartered in Toronto.
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 is a global e-reading service offering more than 2.5 million e-books, magazines and newspapers.
Indigo is a book, gift and specialty toy retailer in Canada.
Further information can be found on Canada Newswire's website.
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 is a global e-reading service offering more than 2.5 million e-books, magazines and newspapers.
Indigo is a book, gift and specialty toy retailer in Canada.
Further information can be found on Canada Newswire's website.