Kobo clarifies stake in Borders as bookseller shuts down

Kobo issued a release relating to the ongoing liquidation of bookseller Borders to clarify misconceptions about Kobo that have been inaccurately reported by the media and misunderstood by consumers.

Borders who is ceasing operations after letting go of 10,700 workers and shutting down 400 stores was an early investor in Toronto-based Kobo, Borders is expected to liquidate all remaining assets by September to pay off debt. Hit jump to see the full release.

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