Kobo responds to Borders' liquidation

Following yesterday's demise of Borders, Kobo, the once giant bookseller's partner in the e-book industry, has made an official response.

Following yesterday's demise of Borders, there were already initial questions asking about the future of Kobo, the once giant bookseller's partner in the e-book industry. Kobo has since made an official response.

Instead of offering condolences to the now-defunct retail chain, Kobo has gone on the defensive, trying to distinguish itself as "privately-held company that offers over 2.4 million" digital publications. It's also reiterating its independence from Borders as clearly as possible:

Kobo does not rely on Borders for content. Kobo owns the publishing agreements and has direct relationships with all major publishers, including Random House, Simon & Schuster, HarperCollins, St. Martin's Press and many more. Kobo is solely responsible for payment to publishers for eBooks sold through the Kobo platform and publishers will continue to be paid on time as usual.

As for leftover Borders customers with Kobo e-readers and libraries? They can visit Kobo's site to "easily" migrate all of that content over immediately. Kobo reports that it has been working with Borders lately to transition all of Borders' eBook accounts to Kobo.

Nevertheless, the e-book reader manufacturer adds the following points:

  • Borders was one of the early investors in Kobo, but it was a minority stake with only 11 percent
  • Best Buy, Walmart, Sears and other large retailers also sell Kobo products
  • "Kobo continues to grow in the U.S. and around the world"

So take that, Borders. Apparently Kobo won't miss you. However, plenty of other consumers will.



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