Barnes & Noble to Team Up With Microsoft on E-Readers (newsy-allvideos)
Watch Video (image source: Wired) **BY EVAN THOMAS** **ANCHOR LAUREN GORES** An interesting move for the last big-box book retailer standing: Barnes & Noble and Microsoft announced Monday they're teaming up to start a new subsidiary focused on the digital reading businesses. Microsoft is investing $300m for a 17.6 percent stake in the venture. Barnes and Noble holds the remaining stake, which is valued at $1.4 billion. That stake, reports All Things Digital, is nearly double Barnes & Noble's current market cap. **"…if you assume the deal does go forward, then it's a bit of magic trick for Barnes & Noble, which will manage to extract an extraordinary amount of value from a business that didn't exist a few years ago…"** Bloomberg reports it's quite the change of pace for the two companies. They were stuck in royalty fights just earlier this month. **"Barnes & Noble and Microsoft have ended patent litigation between them and also agreed to create a Nook app for Microsoft's Windows 8 operating system."** 9to5 Google wonders what this means for the future of the Nook. **"While the press release doesn't say so specifically, it would appear that Barnes and Noble would be abandoning Android as their ...
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