Find Local Events (pick a date)
 
Browse Boulder real estate by neighborhood, school and zip code along with other homes for sale in Colorado on COhomefinder.com

 

 

 

 

 

 

 
Home / Articles / Today / Tech Today /  Microsoft invests $300 million in Barnes & Noble
. . . . . . .
Give Through iGivefirst
Monday, April 30,2012

Microsoft invests $300 million in Barnes & Noble

Microsoft and Barnes & Noble on Monday announced the formation of a new partnership that will spin the bookseller’s digital Nook and College businesses into a new unnamed subsidiary. Microsoft’s investment of $300 million will bring it a 17% stake in the newly formed business, which is valued at $1.7 billion, and Barnes & Noble will own approximately 82.4% of the new company.

“The formation of [this new subsidiary] and our relationship with Microsoft are important parts of our strategy to capitalize on the rapid growth of the NOOK business, and to solidify our position as a leader in the exploding market for digital content in the consumer and education segments,” said William Lynch, CEO of Barnes & Noble. “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.”

Share of Barnes & Noble stock surged 80% in pre-market trading on the news. Barnes & Noble’s full press release follows below.

Read more...

  • Currently 3.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
POST A COMMENT
No Registration Required
 
Close
Close