Kobo announces $99 e-reader with ads, taking on Amazon and Barnes & Noble

There’s yet another $99 touch e-reader joining the fray this holiday shopping season. Kobo has announced its $99 Kobo Touch with Offers, which is the same device as a regular $130 Kobo Touch, but the screen will display ads when it is in sleep mode or turned off, as well as in what the company mysteriously refers to as “discreet places.”

KOBO PULSE

Kobo Pulse gives ereaders a powerful shot of social

Imagine turning the page of the latest best-selling novel and receiving a notification that, right at that very moment, President Barack Obama is reading the same book and is on the very same page. You have the option of talking about the book with him. What would you say?