Originally Posted by Rob Lister
I'm not sure what that refers to. It makes it appear like a new thing.
It refers to the Nook ebookstore.
What is going on is that:
1- B&N is spinning off Nook and the ebookstores into a new business.
2- MS is buying 17% of the stock of the "Newco" spinoff.
3- "Newco" will make a Nook App for Windows 8 devices (which they were going to have to do anyway) so that Win8 users can access the Nook ebookstore.
4- B&N gets $300 million to operate "Newco" for a while plus the MS co-sign for any loans "Newco" applies for.
B&N gets a boost, MS gets very little they wouldn't get anyway for a trivial bit of cash.
Business as usual.
Edit: Oh, yes: MS has generally cordial relations with Amazon (and supply tech to Blio) so there's no need to spin this as any kind of message to Amazon.