Moneycontrol Be a Pro
Get App
you are here: HomeNewsTechnology
Last Updated : May 02, 2012 06:00 PM IST | Source: Tech2.com

Microsoft to invest $605 million in Barnes & Noble's Nook

Trying to make their way through an adequately populated eBook market, is Microsoft Inc., who according to ...

Trying to make their way through an adequately populated eBook market, is Microsoft Inc., who according to reports will be investing $605 million over a period of five years in Barnes & Noble Inc.'s Nook e-reader and college textbook business. With this move, Microsoft aims to gradually make its presence felt in the swelling tablet market, and also change things a bit as far as market domination is concerned, which is currently enjoyed by both Apple and Amazon with their respective iPad and Kindle Fire tablets. This move by Microsoft Inc. will also keep it ready in time for a major shift that the industry is to witness, as far as the market for downloadable college textbooks go. Barnes & Noble, reportedly will receive a boost in capital and also see the doorway to the digital books market outside the United States open, post the tie-up. The report adds "The new unit will be run and majority owned by Barnes & Noble and will maintain a relationship with the U.S. bookstore chain's nearly 700 stores."

Click here for full story

Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on May 2, 2012 05:52 pm
Loading...
Follow us on
Available On