cnet reporting:
The companies announced today that Microsoft has invested $300 million into a new Barnes & Noble subsidiary,
known as Newco until the company can come up with a name. The $300
million investment will give Microsoft 17.6 percent equity stake in the
firm. Barnes & Noble, which assumed a $1.7 billion valuation on the
subsidiary, will retain 82.4 percent ownership.
Newco will combine Barnes & Noble's digital and College
businesses, meaning the retailer's Nook operation and its Nook Study
software for students and educators will be a part of the operation.
As part of this deal, Barnes & Noble will bundle its Nook digital
bookstore with Windows 8 when it launches later this year. In addition,
the companies have settled all of their patent litigation related to
use of the
Android platform on the Nook
tablet, and have formed a "royalty-bearing license under Microsoft's patents for its Nook e-reader and Tablet products."...
http://news.cnet.com/8301-10805_3-57423957-75/barnes-noble-microsoft-ink-$300m-strategic-deal-on-e-reading/
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