Indigo Books & Music Inc. Announces Completion Of Sale Of Kobo Inc. To Rakuten, Inc.

Indigo Books & Music Inc. announced the completion of the sale of all outstanding shares of Kobo Inc. (Kobo) to Rakuten, Inc. (Rakuten) for USD315 Million following the satisfaction of all closing conditions, including approval under the Investment Canada Act. Based on its fully diluted interest in Kobo, Indigo received USD146 Million from the proceeds of the sale.