Why would Indigo sell Kobo?
News today that Indigo has sold off its rising star and dark horse, Kobo, to the Japanese e-commerce company Rakuten, came as a bit of a surprise to the publishing industry. During the past year-long restructuring at Indigo we’ve seen: the reduction of floor space for books; the decision to carry a title only for 45 days before returning to the publisher (meaning the customer only gets to see best-sellers and new releases); the increase…