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Microsoft announces $300 million investment in Barnes & Noble's Nook business

Microsoft invests in Barnes & Noble's Nook business to the tune of $300 million

Anthony Garreffa | Apr 30, 2012 at 10:26 pm CDT (1 min, 18 secs time to read)

Microsoft have just splashed out $300 million on an investment in Barnes & Noble's Nook digital-book business and college-text unit. This investment will see the Redmond-based company take a 17.6-percent stake in a new subsidiary temporarily known as Newco, with Barnes & Noble getting the remaining 82.4-percent while all pending litigation related to Android will be put to rest.

Microsoft announces $300 million investment in Barnes & Noble's Nook business | TweakTown.com

This new deal gives Barnes & Noble more power to fight off shareholders who have agitated for a sale of the Nook e-book business, or the entire company, in addition to relieving concerts that it doesn't have the capital to compete in the e-book business with heavy weight Amazon.com.

At the moment, Barnes & Nobile relies on a customized version of Google's Android OS for products such as the Nook Color and offers Nook reader apps for Android, iOS, OS X and Windows. The deal doesn't state whether this would change, but one of the first things to change would most likely be a Metro-style Nook e-reader app for Windows 8 available to users across the world. At the moment there's also no suggestion on whether we'll end up seeing a future Nook app on Windows Phone.

Barnes & Nobile CEO, William Lynch has talked of the deal between B&N and Microsoft saying that Microsoft are the "ideal partner" for Barnes & Noble, pointing out their massive user base:

Microsoft's investment in Newco, and our exciting collaboration to bring world-class digital reading technologies and content to the Windows platform and its hundreds of millions of users, will allow us to significantly expand the business.

Last updated: Apr 7, 2020 at 11:26 am CDT

NEWS SOURCE:techspot.com
Anthony Garreffa

ABOUT THE AUTHOR - Anthony Garreffa

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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