Microsoft Bids Nook Adieu

shutterstock_118535536Barnes & Noble buys out Microsoft’s 16.8% stake in Nook Media, letting the tech company out of its partnership with the retailer’s faltering ebook business.

The buyback costs Barnes & Noble $62.5 million, a figure that, according to Publishers Lunch, “implies a ‘fair market value’ of about $700 million for Barnes & Noble College and Nook combined.”

Microsoft invested $605 million in Nook in 2012, in a bid to compete with Apple and Amazon on ebooks. With Microsoft out of the picture, Barnes & Noble clears the way for a spin-off of Nook Media, with a target of August 2015.


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