Microsoft paid $300 million for a minority stake in Barnes & Noble’s e-book and college textbook business.
Microsoft paid $300 million for a minority stake in Barnes & Noble’s e-book and college textbook business.
The deal gives Barnes & Noble ammunition to fend off shareholders who have agitated for a sale of the Nook e-book business or the whole company, but the companies said Monday that they are exploring separating the subsidiary, provisionally dubbed “Newco,” entirely from Barnes & Noble. That could mean a stock offering, sale or other deal.
The deal puts to rest concerns that Barnes & Noble doesn’t have the capital to compete in the e-book business with market leader Amazon.com Inc. and its Kindle, said analyst David Strasser at Janney Capital.
Read more at OregonLive.com.
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