Barnes & Noble released its earnings report for its fiscal 2015 second quarter today, and things don’t sound great for the company’s Nook business. The Nook division reported $64 million in revenue for the quarter, which marks a 41.3 percent decrease from the comparable quarter last year. Show More Summary
Microsoft investment put an end to a patent lawsuit, but not much else.
Barnes & Noble and Microsoft are "consciously uncoupling” to the tune of about $125 million in cash and stock.
Did Microsoft get buyer's remorse?
For a long while, it looked as if Microsoft and Barnes & Noble would become more than just firm friends. The pair had been entangled in a similar partnership that the software giant had with Nokia, throwing $300 million to support the ailing booksell...
Also, company and Microsoft terminate deal in which the software giant pledged to invest as much as $605M in Nook business
Two years after Microsoft invested $300 million in the e-reading business, the value of the Nook has declined by more than half.
It was the best of times, it was the worst of times Barnes & Noble has agreed to buy back Microsoft's stake in its Nook division, just more than two years after the companies first entered into a commercial agreement. The move, announced...Show More Summary
The company, which has struggled to compete with Amazon and other online retailers, said it had bought out Microsoft’s entire preferred interest in its Nook e-reader business.
Microsoft and Barnes & Noble officially are cancelling their Nook Media joint venture, with no new Windows or Windows Phone e-reading apps in sight.
Barnes & Noble continues to tell a sad story this morning. Shares plummeted 13% in opening trading after it said that Microsoft bailed out of a 2012 partnership designed to bolster the book chain's Nook e-reading line — and unveiledShow More Summary
At first upon hearing that Barnes & Noble will be buying back the stake Microsoft bought in its Nook business in 2012, one might have the idea that Barnes & Noble really believes in the Nook again. But no, it’s just bringing the e-reader business back into the fold so it can prepare to spin it off in a sale … [More]
Barnes & Noble today announced the termination of its commercial agreement with Microsoft surrounding the Nook business. This comes alongside word that Nook device sales and segment revenues fell sharply year over year. B&N states that...Show More Summary
Barnes & Noble Inc., the largest U.S. bookstore chain, will buy back Microsoft Corp.'s stake in its Nook business as the company prepares to spin off the e-reader unit. The separation of the... To view the full story, click the title link.
In the middle of yet another disappointing earnings report Thursday, Barnes & Noble also announced that it's terminating the strategic partnership it formed with Microsoft in 2012. That partnership had combined…
Microsoft’s deal with Barnes & Noble is now kaput. In 2012, Microsoft dropped $300M for a 17 percent stake in Barnes & Noble’s somewhat promising Nook business. Today, the companies announced in a filing with the SEC that Microsoft will sell back its stake for “$62,425,006.63 in cash and 2,737,290 shares of common stock.” Barnes & Noble detailed its rationale […]
(Reuters) - Bookseller Barnes & Noble Inc said it would buy Microsoft Corp's 17 percent stake in its Nook business, comprising e-readers, e-books and college bookstores. The company said its total revenue fell 2.6 percent to $1.69 billion in the second quarter, hurt mainly by its Nook business. Show More Summary
Barnes & Noble is offering a $30 discount on its latest a Samsung Galaxy Tab 4 Nook to some customers who trade in their old Nooks. Through Jan. 17 of next year, the retailer will accept used models of the Nook 1st Edition, Nook Color and Nook Tablet for store credit. Show More Summary
A California company is fixing to fill up urban nooks and crannies with plugin farming systems.
The Smithsonian recently created a 3D portrait of President Obama, using 50 custom-made LED lights, eight hi-res sports photography cameras, and six wide angle cameras to capture every nook, cranny, and worry line on Obama's head. The result is the highest resolution digital model of any head of state in the world, so suck on that, Merkel! Read more...