Was the Microsoft Corporation (NASDAQ:MSFT) bet on Barnes & Noble, Inc. (NYSE:BKS)’s Nook just a costly hedge for the Surface tablet? That’s the possibility brought up by Cory Johnson in a report on Bloomberg West. The comment about the Surface and the Nook tablets came up in the wake of a costly breakup between Microsoft […]
www.amazon.com There were plenty of winners and losers this week, with a leading automaker failing to keep up with its peers and the top dog in online retail breaking into an unusual product line. Here's a rundown of the week's smartest moves and biggest blunders. Amazon.com (AMZN) -- Winner It seems as if there's nothing that Amazon.com won't try. Show More Summary
A two-year partnership in the bookseller's troubled e-reader has ended, as Barnes & Noble buys out Microsoft's share. Also: Upset brews in India over the president's exclusive deal with Amazon.
Uber closes a $1.2 billion round of financing. | The owners of the 76ers are taking a page out of the private equity playbook. | Only 11 bidders took part in the second Bitcoin auction. | Microsoft and Barnes & Noble end their Nook partnership.
The news came as the largest US traditional bookseller reported second-quarter net income that missed expectations. ||| New York - Bookseller Barnes & Noble said on Thursday it is ending its commercial agreement with Microsoft for its...Show More Summary
Microsoft is getting a divorce from Barnes & Noble: On Thursday, the two companies parted ways, with Barnes & Noble buying out Microsoft for about $125 million. In other words, in just over two years, the value of the Nook business has...Show More Summary
A deal from nowhere, which went nowhere, Microsoft’s partnership with Barnes & Noble’s Nook came to an ignominious conclusion today with the bookseller kicking the software firm a chunk of cash and shares. The official verbiage indicates that Microsoft will sell “all of its $300 million convertible Series A preferred limited liability company interest” in exchange… Read More
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