13:18
Juan MC Larrosa
Microsoft to Take Stake in Nook Unit of Barnes & Noble
BY MICHAEL J. DE LA MERCED
Mike Spencer/Wilmington Star News, via Associated PressBarnes & Noble bookstores prominently feature displays of Nook e-readers.
Microsoft announced on Monday that it would invest $300 million in Barnes & Noble’s Nook division for a 17.6 percent stake. The deal values the e-reader business at $1.7 billion.
The move by Microsoft will help bolster the standing of Barnes & Noble’s fastest-growing unit. The bookstore giant had said earlier this year that it was exploring strategic options for the business, including a potential divestiture or strategic partnership.
The company has wagered heavily on...
