Finance

The Drum: eReading giants Rakuten, Kobo team up for eBooks and eReaders
November 9, 2011

Rakuten, the Toronto based eCommerce company, has announced that it intends to purchase Kobo—an eReading specialist—in a deal valued at $315m.

Kobo had become an increasingly potent competitor to Rakuten in recent years, launching a range of innovative eReaders and a wide range of eReading apps into the eBook marketplace.

Lagardère SCA Announces Third Quarter Revenues
November 9, 2011

(PRESS RELEASE) Lagardère SCA announced third quarter revenues today, noting “solid activity trends despite a highly uncertain economic environment.” Highlights of the company's financial performance are as follows: At Lagardère: Third-quarter net sales of €1,982m were up 1.3% on a like-for-like basis and down 5.8% on a reported basis (the difference between reported and like-for-like…

iPad Textbook Publisher Inkling Raises $17 Million
August 26, 2011

Just in time for the back-to-school season, iPad interactive textbook publisher Inkling has secured $17 million in Series B funding from investors including Tenaya Capital, Pearson Education, Jafco Ventures and Sequoia Capital.

Inkling works with textbook publishers to rebuild existing textbooks for the iPad, incorporating search, quizzes, note-sharing, audio and video other interactive features. Students can preview free sample chapters and can also buy textbooks by the chapter, starting at $2.99, through Inkling’s store.

Featured Video: Behind the Call to Break up McGraw-Hill
August 25, 2011

In the news this week has been a call by activist investors to break up media giant McGraw-Hill into four parts, spinning off its education and media divisions, as well as the two business arms of Standard & Poor's.

Liberty Buys a Stake in Barnes & Noble for $204 Million
August 19, 2011


Liberty Media, the media conglomerate controlled by John C. Malone, agreed on Thursday to buy a stake in Barnes & Noble for $204 million, but declined to buy the bookseller outright.

The deal would disappoint investors who had hoped that Liberty, whose investments include Starz Entertainment, the home shopping channel QVC and the Atlanta Braves baseball team, would acquire a majority stake. Liberty had offered in May to buy 70 percent of Barnes & Noble for $17 a share if the retailer’s powerful chairman, Leonard S. Riggio, who controls nearly 30 percent of the company, assented.

Apple Most Valuble Company: Is Amazon Next in Line?
August 11, 2011

Apple made headlines Tuesday by passing Exxon Mobil  to become the world's most valuable company in market capitalization, making a dramatic turnaround from being nearly broke years before. Now it's time to ask what company might be next in line to make a similar transformation.

At the moment, all indications point to Amazon, the company that began as an online bookseller but now is directly challenging Apple with its new Kindle Cloud Reader that bypasses Apple's App Store by offering books and other down-loadable content through the Web instead of a native iOS app.