News Posts matching "Barnes & Noble"

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Microsoft and Barnes & Noble Ink Windows 8 E-Book Platform Deal

Barnes & Noble, Inc. and Microsoft announced the completion of their previously announced strategic partnership in NOOK Media LLC, a recently formed Barnes & Noble subsidiary and a leader in the emerging digital reading and digital education markets. Microsoft and Barnes & Noble's strategic partnership in NOOK Media LLC will enable the companies to advance world-class digital reading experiences to the hundreds of millions of customers they jointly serve.

NOOK Media LLC comprises the digital and College businesses of Barnes & Noble and will continue to have a very close and mutually beneficial relationship with Barnes & Noble's retail stores. The partnership includes a $300 million investment from Microsoft in NOOK Media LLC.

Barnes & Noble and Microsoft to Advance Digital Reading Experiences for Consumers

Barnes & Noble Inc. and Microsoft today announced the formation of a strategic partnership in a new Barnes & Noble subsidiary, which will build upon the history of strong innovation in digital reading technologies from both companies. The partnership will accelerate the transition to e-reading, which is revolutionizing the way people consume, create, share and enjoy digital content.

The new subsidiary, referred to in this release as Newco, will bring together the digital and College businesses of Barnes & Noble. Microsoft will make a $300 million investment in Newco at a post-money valuation of $1.7 billion in exchange for an approximately 17.6% equity stake. Barnes & Noble will own approximately 82.4% of the new subsidiary, which will have an ongoing relationship with the company's retail stores. Barnes & Noble has not yet decided on the name of Newco.

Barnes & Noble Intros NOOK-branded Headphones

Barnes & Noble introduced a new pair of headphones bearing its NOOK brand, the NOOK Audio OE250. NOOK is its popular e-book reader and media tablet. BN was quite refrained in describing its new NOOK product, not much is known about it except what the picture describes it to be: a pair of around-ear headphones with a cushioned headband. This launch could indicate BN's NOOK brand increasing its focus beyond e-book distribution, and onto digital content distribution.

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