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  6. Rakuten Kobo Acquires BitLit Media

M&A Deal Summary

Rakuten Kobo Acquires BitLit Media

On April 5, 2017, Rakuten Kobo acquired internet software and services company BitLit Media

Acquisition Highlights
  • This is Rakuten Kobo’s 2nd transaction in the Internet Software and Services sector.
  • This is Rakuten Kobo’s 1st transaction in Canada.
  • This is Rakuten Kobo’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2017-04-05
Target BitLit Media
Sector Internet Software and Services
Buyer(s) Rakuten Kobo
Deal Type Add-on Acquisition

Target

BitLit Media

Vancouver, British Columbia, Canada
BitLit Media, Inc. (dba Shelfie) is a mobile application that enable customers to get free or discounted eBook versions of books in their print libraries, and get recommendations based on print books they already own. BitLit Media, Inc. was founded in 2013 and is based in Vancouver, British Columbia.

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Buyer(S) 1

Buyer

Rakuten Kobo

Toronto, Ontario, Canada
Category Company
Founded 2009
Sector Internet Software and Services
DESCRIPTION

Rakuten Kobo, Inc. is a privately held company operates as an online eBook retailer.

DEAL STATS #
Overall 2 of 2
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: British Columbia M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 Deutsche Telekom AG - Tolino Ecosystem

Bonn, Germany

Deutsche Telekom AG - Tolino Ecosystem is an e-reader platform technology.

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