Microsoft, Barnes & Noble team up

Microsoft Corp will invest USD 300 million in Barnes & Noble Inc's digital and college businesses, valuing them at USD 1.7 billion. Shares of Barnes & Noble jumped 79%
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Business

Apr 30, 2012, 10.31 PM | Source: Reuters

Microsoft, Barnes & Noble team up

Microsoft Corp will invest USD 300 million in Barnes & Noble Inc's digital and college businesses, valuing them at USD 1.7 billion. Shares of Barnes & Noble jumped 79%

Like this story, share it with millions of investors on M3

Microsoft, Barnes & Noble team up

Microsoft Corp will invest USD 300 million in Barnes & Noble Inc's digital and college businesses, valuing them at USD 1.7 billion. Shares of Barnes & Noble jumped 79%

Post Your Comments

Share Cancel

Microsoft, Barnes & Noble team up
Microsoft Corp will invest USD 300 million in Barnes & Noble Inc's digital and college businesses, valuing them at USD 1.7 billion. Shares of Barnes & Noble jumped 79%.

Microsoft will get a 17.6% stake in the new unit, while Barnes & Noble will own about 82.4%, the companies said in a statement on Monday.

The business, whose name has not yet been decided, will have an ongoing relationship with Barnes & Noble's retail stores.

Barnes & Noble, the No. 1 US bookstore chain, said in January that it might spin off its digital business, which includes its Nook e-reader.

The companies will introduce an application for the Nook on Windows 8, the upcoming version of Microsoft's operating system.

Barnes & Noble is investing heavily to develop its popular Nook devices and the e-books sales they generate as readers move away from traditional books.

Barnes & Noble and Microsoft have settled their patent litigation, the companies said.

Shares of Barnes & Noble were up 79% at USD 24.50 in premarket trading. The company was valued at just above USD 823 million at Friday's close.

Microsoft shares rose 0.7% to USD 32.19.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Microsoft, Barnes & Noble team up
Gold Member
13 Followers

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login