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RumorTT: Microsoft considering $1 billion bid to buy Barnes & Noble's Nook business

Microsoft considering offering Barnes & Noble a reported $1 billion for its Nook business

| Business, Financial & Legal News | Posted: May 9, 2013 5:49 pm

Microsoft is already a major investor in Barnes & Noble's Nook business, and now rumors are coming in that the Redmond, Washington based giant is considering buying the Nook business outright for a reported $1 billion.

 

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Last year Microsoft invested $300 million in the Nook in exchange for a 16.8% stake. Now with reports that Barnes & Noble is planning to pull out of the hardware business altogether, it only makes sense for Microsoft to swoop in and buy the hardware business outright.

 

This would put Microsoft in direct competition with the likes of Amazon and even Google's Play Books. The big question is whether or not Redmond will keep the device running Android, or will we see a Windows 8 version of the Nook released. Would Microsoft even keep the Nook branding? Only time will tell I guess.

NEWS SOURCES:Techcrunch.com

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