“Barnes & Noble said Thursday that it is buying out Microsoft’s 16.8% stake in Nook Media LLC for about $125 million in cash and stock.”

Earlier in 2012, Microsoft invested $605 million into Barnes & Noble. The decision to end the pact was made mutually by Barnes & Noble and Microsoft.  With the Nook declining significantly in sales it seems to be a logical decision on both parties’ parts.

 

 

 

 

Link: http://online.wsj.com/articles/barnes-noble-microsoft-terminate-nook-deal-1417700850

Advertisements