Indigo Announces Completion of Kobo Sale

TORONTO, Jan. 11, 2012 /CNW/ - Indigo Books & Music Inc. (TSX:IDG) ("Indigo"), 
Canada's largest book, gift and specialty toy retailer, announced today the 
completion of the sale of all outstanding shares of Kobo Inc. ("Kobo") to 
Rakuten, Inc. (JASDAQ:4755) ("Rakuten") for US$315M following the satisfaction 
of all closing conditions, including approval under the Investment Canada Act. 
Based on its fully diluted interest in Kobo, Indigo received US$146M from the 
proceeds of the sale. 
"We are enormously proud of having created Kobo and of the achievements of the 
Kobo team. It is a wonderful and true Canadian business success story. We 
are also pleased for Indigo and all shareholders that this sale represents 
such an attractive return on our investment in Kobo," said Heather Reisman, 
Founder and CEO of Indigo. Reisman continued to say that "Notwithstanding 
the sale, Indigo intends to maintain a very strong relationship with Kobo, 
supporting the products and eReading services our customers have come to love 
and directly benefiting from the growth of the Canadian eReading market. We 
are and always will be committed to providing our customers with the best 
reading experiences both physically and digitally." 
About Indigo Books & Music Inc. 
Indigo is a publicly traded Canadian company listed on the Toronto Stock 
Exchange (IDG). As the largest book, gift and specialty toy retailer in 
Canada, Indigo operates in all provinces under different banners including 
Indigo Books & Music; Indigo Books, Gifts, Kids; IndigoSpirit; Chapters; The 
World's Biggest Bookstore; and Coles. The online channel, www.indigo.ca, 
features books, eBooks, toys and gifts and hosts the award winning Indigo 
Online Community. In 2004, Indigo founded the Indigo Love of Reading 
Foundation, a registered charity that provides new books and education 
materials to high-needs Canadian elementary schools, to address the literacy 
crisis in Canada. To date the Foundation has contributed $10.5 million to 
schools in need. Visit loveofreading.org for more information. 
Forward-Looking Statements 
Statements contained in this news release, including Indigo's continuing 
relationship with Kobo and the growth of the Canadian eReading market, that 
are not historical facts, are forward-looking statements which involve risk 
and uncertainties that could cause results to differ materially from those 
expressed in the forward-looking statements. Key factors that could cause such 
differences are discussed in Indigo's materials filed with the securities 
regulatory authorities in Canada from time to time, including Indigo's latest 
annual information form. Indigo disclaims any intention or obligation to 
update or revise any forward-looking statements, whether as a result of new 
information, future events or otherwise, except as required by law. 
Janet Eger Vice President, Public Relations Indigo Books & Music Inc. 416 342 
8561 jeger@indigo.ca 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/January2012/11/c3409.html 
CO: Indigo Books & Music Inc.
ST: Ontario
NI: RET PUB MNA  
-0- Jan/11/2012 21:01 GMT
 
 
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