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Well, it'll be interesting to see what they have planned for the company. Although I don't thik Kobo can claim to be 'the developer of eReaders".
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.