Tuesday, May 1, 2012
Microsoft invests in new Barnes & Noble unit, settles litigation
Microsoft will invest $300 million in a new Barnes & Noble subsidiary, which will include the digital Nook and College businesses of Barnes & Noble, the companies said in joint statement on Monday. The formation of the new subsidiary and the relationship with Microsoft are important parts of Barnes & Noble's strategy to try to capitalize on the growth of the Nook business, it said.
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