If you follow the ebook business closely over the years then you know it’s not unusual for an ebook store to go out of business. It happens fairly often, and Kobo has benefited a lot from some of those closings.
Kobo absorbed Sony’s accounts when the Sony ebook store closed down back in 2014. They also took over for Borders when they shut down a few years before that, and in 2016 they took over accounts for the Waterstones ebook store in the UK.
Things have been really quiet from Kobo over the past several years, but they seem to be doing well so there shouldn’t be any cause for concern, and they’re owned by Rakuten, a company that’s often referred to as the “Amazon of Japan”, but you never really know what the future is going to bring, and Rakuten has been known to shut down some of their other online stores.
What would happen if they decided to close the Kobo ebook store? Is there another “Kobo” standing by to absorb customer accounts like they did for Sony and Borders and Waterstones? Or would some other company step in and purchase Kobo?
When some ebook stores close down they just give a notice saying to download your ebooks before you lose access to them for good. If you own a large library of books it can be a problem to download them all individually, but at least that’s usually an option.
Some people make a habit of creating backups of all their purchased ebooks in case they were to lose access to them at some point in the future. You never think that’s going to happen until it does.
Hopefully Kobo doesn’t close down anytime soon, and there’s been no indication of that happening, but it can’t be easy making a profit in a small ebook market that’s dominated by Amazon.