From the WSJ:
http://online.wsj.com/articles/barne...eal-1417700850
Quote:
The bookstore retailer bought out Microsoft’s preferred interest in Nook for about $120 million in cash and stock, freeing the software giant from further investments in the business.
Barnes & Noble added it expects the planned split of its Nook Media unit from its retail stores to occur by the end of August, behind its initial projection for a separation by March. Ending the partnership would also make it easier for Barnes & Noble to sell the division if it chooses to explore that option.
The disclosure came as Barnes & Noble reported a much weaker-than-expected profit for its November quarter, helping push its shares down more than 13% in early trading.
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Quote:
For its second quarter ended Nov. 1, the Nook segment’s revenue fell 41% to $63.9 million, while digital content sales fell 21% to $45.2 million. Device sales fell 64%, though cost-cutting helped stem the division’s loss in the quarter.
Sales at the company’s retail unit, meanwhile, fell 3.6% due partly to store closures.
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More at the source.
If link expires, google the headline "Barnes & Noble, Microsoft End Nook Pact".