Barnes & Noble ends its Nook partnership with Microsoft
For an extended whereas, it appeared as if Microsoft and Barnes & Noble would grow to be extra than simply agency buddies. The pair had been entangled in an identical partnership that the software program big had with Nokia, throwing $300 million to help the ailing bookseller. Again then, the thought was that B&N would create studying apps for Microsoft’s units whereas, presumably, Microsoft gained an ally that would stand as much as Amazon within the e-ebook market. Since B&N is now planning to spin-off Nook Media, which makes use of Samsung hardware for its e-readers, there’s no use for Microsoft’s additional involvement.
The corporate’s newest earnings launch additionally present that Barnes & Noble is struggling within the revenue stakes, raking in round $forty six million much less this quarter than in the identical interval final yr. The Wall Road Journal is reporting that the bookseller can pay Microsoft $one hundred twenty million to purchase again its stake within the Nook enterprise, and that when the deal is completed, Nook Media is more likely to turn out to be a separate entity by August 2015.