Sony Exits The North American Ebook Business And Gives Its Customers to Kobo

Sony, which is essentially a non-player in the U.S. ebook market at this point, is cutting its losses and shutting down its digital bookstore in the U.S. and Canada, the company reported Thursday. "Sony is withdrawing from the digital reading business in the United States," Sony spokeswoman Maya Wasserman confirmed.

The beneficiary is Kobo, which will take on Sony Reader customers and manage their ebook libraries starting in late March. Wasserman explained how the transfer to Kobo will work: