Editing Indigo Books and Music (section)

==Kobo Inc.==
[[Rakuten Kobo Inc.|Kobo Inc.]], an e-reader platform and manufacturer, was founded and spun off of Indigo in November 2009.<ref>{{cite web|title=Rakuten to Acquire Kobo |url=http://blog.kobobooks.com/rakuten-to-acquire-kobo |date=November 8, 2011 |publisher=Kobo blog |url-status=dead |archive-url=https://web.archive.org/web/20111112034714/http://blog.kobobooks.com/rakuten-to-acquire-kobo |archive-date=November 12, 2011 }}</ref> By August 2011, the Kobo e-reading platform had become the dominant player in Canada, with research firm [[Ipsos-Reid|Ipsos Reid]] estimating that it represented 36% of the Canadian market as of that date.<ref>{{cite web|last=Barbour |first=Mary Beth |url=http://www.ipsos-na.com/news-polls/pressrelease.aspx?id=5399 |title=BlackBerry, Apple, Kobo Top Brands in Canada's Mobile Device Market |publisher=Ipsos Reid |date=2011-11-08 |access-date=2011-12-17}}</ref>

In November 2011, Japanese [[e-commerce]] company [[Rakuten]] purchased the company for US$315 million in cash.<ref>{{cite news |url= https://www.wsj.com/articles/SB10001424052970204554204577026540176022910 |title=Rakuten to Buy Maker of Kobo E-Reader|work=[[The Wall Street Journal]] |date=November 9, 2011 |author=Will Connors |access-date=December 3, 2014}}</ref> Around 58% of Kobo was owned by Indigo at the time of the purchase.<ref>{{cite news |url= https://venturebeat.com/2011/11/08/kobo-acquired-japanese-web-retailer-rakuten-payed-315m-cash/ |title=Kobo acquired: Japanese web retailer Rakuten paid $315M cash |work=VentureBeat |author= J. O'Dell |date=November 8, 2011 |access-date=December 3, 2014}}</ref>