From a company statement: Kobo does not rely on Borders for content. Kobo owns the publishing agreements and has direct relationships with all major publishers, including Random House, Simon & Schuster (NYSE: CBS), HarperCollins, St. Martin’s Press and many more.
Kobo is solely responsible for payment to publishers for eBooks sold through the Kobo platform and publishers will continue to be paid on time as usual. [READ MORE FROM KOBO]
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