Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
05-09-2013, 02:53 PM #1
Microsoft looks to get Nook all to itself for $1 BILLION
Microsoft looks to get Nook all to itself for $1 billion
Nook sales haven't been too hot lately.
by Casey Johnston - May 9 2013, 9:23am PDT
What can Microsoft do with Nook's assets?
Barnes & Noble
Microsoft has offered to pay $1 billion to buy the digital portions of Nook Media LLC, according to a report from TechCrunch Thursday. TechCrunch claims to have seen internal documents that suggest Microsoft wants to get its hands on the rest of the digital book business and that Nook Media plans to fade out its Android-based tablets by the end of 2014.
Microsoft bought a 17.6 percent stake in Nook for $300 million almost exactly a year ago, when the digital Nook division split off from Barnes and Noble proper, resulting in a Nook app for Windows 8. Since then, British publishing company Pearson has purchased a 5 percent stake for $89.5 million.
Microsoft appears to want the whole division to itself, though for around $700 million less than the valuation at which it bought into the company ($1.7 billion, last April). Since Microsoft bought in, Barnes and Noble released new Nooks that failed to sell well over the holidays and have since been discounted.
Barnes and Noble also recently added the full Google Play store to its newer Nook HD and HD+ units. But if the company plans to sell and/or discontinue its tablets altogether, the appearance of the play store may not be the beacon of hope it at first seemed to be.
http://arstechnica.com/business/2013/05/microsoft-looks-to-get-nook-all-to-itself-for-1-billion/NO AMNESTY
Don't reward the criminal actions of millions of illegal aliens by giving them citizenship.
Sign in and post comments here.
Please support our fight against illegal immigration by joining ALIPAC's email alerts here https://eepurl.com/cktGTn
JOE BIDEN WANTS TO BRING IN GAZA RESIDENTS AND GIVE THEM...
05-02-2024, 01:19 PM in Videos about Illegal Immigration, refugee programs, globalism, & socialism