Nook Media Officially Spins Out Of B&N With Microsoft?s Help, Plans To Enter Ten New Markets By Next Year

Barnes & Noble has been aiming to spin off their Nook business since last April and now the ink is dry on a new partnership between Nook Media, a subsidiary of B&N, and Microsoft. Microsoft invested $300 million along with $305 million in payments to own 17% of the new company which has a $1.7 billion post money valuation.

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