Kobo Acquires Aquafadas to Bolster Breadth of Digital Content

Toronto-based Kobo, which is owned by Japan’s Rakuten, has acquired Aquafadas, which is located in France. How’s that for multiculturalism?

Kobo will use Aquafadas to boost its digital content library. Aquafadas has a digital publishing system that Kobo will now be able to use to bring a richer selection of media – including magazines and comics – to its 10 million e-reading customers. Terms of the deal were not disclosed, but since Rakuten is a public company, they will eventually be revealed.

Last April, Kobo raised a massive $50 million round of financing. It was acquired seven months later in November 2011 by Rakuten for $315 million.