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05/01/2012 11:01 AM ID: 91910 Permalink   

Microsoft Invests $300 Million in Barnes & Noble´s Nook e-Reader

 

Microsoft said Monday that it plans to invest $300 million in Barnes & Noble´s Nook division for a 17.6 per cent stake. Book industry expert Albert Greco said the following about the deal:

"The deal brings Microsoft technology and engineers into the Nook business - that talent will be tapped to make the Nook even better. It gives Microsoft a tablet already, and Barnes & Noble global reach for the Nook platform, through Windows 8."

The investment valued the new Nook unit at $1.7 billion, about double the book retailer´s previous market capitalisation.

 
  Source: www.brisbanetimes.com.au  
    WebReporter: maninblack2 Show Calling Card      
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