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Microsoft buys stake in Nook, college textbook business

Microsoft is set to invest $300 million in Barnes and Noble's Nook business, Microsoft announced Monday. With that investment, Microsoft will have a 17.6 percent stake in a newly formed subsidiary that will handle B&N's digital and college bookstore businesses, and the partnership will result in a Nook application for Windows 8. B&N announced in January that it was exploring a "strategic separation" of its digital business.
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