Thread: B&N and Microsoft Unveil Nook Media
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Old 10-04-2012, 02:17 PM   #1
tubemonkey
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B&N and Microsoft Unveil Nook Media
Barnes & Noble, Microsoft Close Deal, Unveil Nook Media

Quote:
Barnes & Noble and Microsoft are now officially partners; the two firms closed a deal first announced in April and announced that their newly formed venture will be known as Nook Media.

Nook Media includes Barnes & Noble's digital and college businesses and a $300 million investment from Microsoft.
Quote:
The deal gives Microsoft a 17.6 percent equity stake in Barnes & Noble, with the retailer holding the remaining shares.
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