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April 30, 2012 02:40 pm GMT
Barnes & Noble has found a new, major partner in its fight to get an edge over Amazon and Apple in the heating up market for e-books and the devices being used to consume them: it is teaming up with Microsoft in what the two are calling a strategic partnership, name yet to be determined. It will come in the form of a new subsidiary of B&N that will include all of its Nook business as well as its educationally-focussed College business that will see Microsoft make a $300 million investment in the subsidiary, valuing the company at $1.7 billion in exchange for around 17.6 percent equity in the subsidiary.The news leaves the door open for B&N to eventually spin these off into a separate business altogether -- or sell them to Microsoft. And it leaves a big load of questions about what B&N will do next with the Nook, which is build on a forked version of Google's Android platform.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/57CsCHwX50g/
Microsoft Makes $300M Investment In New Barnes & Noble Subsidiary To Battle With Amazon And Apple In E-books
Barnes & Noble has found a new, major partner in its fight to get an edge over Amazon and Apple in the heating up market for e-books and the devices being used to consume them: it is teaming up with Microsoft in what the two are calling a strategic partnership, name yet to be determined. It will come in the form of a new subsidiary of B&N that will include all of its Nook business as well as its educationally-focussed College business that will see Microsoft make a $300 million investment in the subsidiary, valuing the company at $1.7 billion in exchange for around 17.6 percent equity in the subsidiary.The news leaves the door open for B&N to eventually spin these off into a separate business altogether -- or sell them to Microsoft. And it leaves a big load of questions about what B&N will do next with the Nook, which is build on a forked version of Google's Android platform.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/57CsCHwX50g/
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