Kobo is the e-reader company that has 10 million users in 190 countries. Kobo has acquired Aquafadas, a digital publishing technology company. Through the acquisition, Kobo will be able to bring in a collection of rich media like magazines, academic, comics, kid’s books, and other content to Kobo customers.
Three of the publishers that are involved in the antitrust lawsuit filed by the U.S. Justice Department have made settlements. About $69 million will be paid to consumers as a result. The three agencies that made the settlement include Hachette, HarperCollins, and Simon & Schuster. They will issue payouts and have agreed to terminate agency pricing contracts with publishers like Amazon and Barnes & Noble.