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Old 04-30-2012, 08:37 AM   #1
MovieBird
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Posts: 392
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Join Date: Oct 2009
Device: GlowNook
Microsoft & Barnes and Noble sittin' in a tree...

Quote:
Originally Posted by Yahoo Finance
Barnes & Noble Inc. and Microsoft Corp. are teaming up to create a new Barnes & Noble subsidiary that will house the digital and college businesses of the bookseller and include a Nook application for Windows 8.

The companies said Monday that they are exploring separating those businesses entirely. That could mean a stock offering, sale, or other deal could happen.

The partnership will Microsoft, will see the Redmond, Wash. company make a $300 million investment in the subsidiary for an approximately 17.6 percent stake. Barnes & Noble will own about 82.4 percent of the subsidiary, which has yet to be officially named.
I think I was most surprised at the fact that BN only operates 691 stores throughout the US.
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