All Posts Tagged Tag: ‘Rakuten’

Pinterest Raises $100 Million at $1.5 Billion Valuation

Regardless of varying reports of Pinterest’s growth as of late, the social photo-sharing site was still able to raise $100 million in venture capital, with a valuation of $1.5 billion. Tokyo-based Rakuten, Inc., one of the world’s largest internet companies, contributed $50 million to the latest investment round. Since its inception in 2008, Pinterest was only able to garner about …

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E-reading Company Kobo Sold To Rakuten For $315 Million

Kobo, makers of e-readers and e-reading apps, announced today that their sale to Rakuten has closed. Rakuten, based in Japan, is a major global marketplace, selling a wide variety of products around the world. The sale was first announced in early November. The sale means that Kobo will have a new marketplace for its e-readers, something it desperately needed after …

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