Manny P. here…
News organization Reuters has filed a report about a huge finalized deal involving Microsoft and Barnes & Noble. On Monday, they reported:
Microsoft Corp has agreed to invest $300 million in Barnes & Noble Inc’s Nook digital-book business and college texts, in a deal that helps establish the value of the popular Nook business while giving Microsoft a foothold in the eBook market.
Shares of Barnes & Noble nearly doubled in premarket trading after the deal was announced. The agreement values the Nook and textbook business at $1.7 billion.
The agreement is a real game-changer with regards to the ongoing competition between the sales of literary downloads on Amazon Kindle vs. B&N Nook. One example of the vast impact the on-line conglomerate will have, according to Reuters:
Microsoft and Barnes & Noble will introduce an application for the Nook on Windows 8, the upcoming version of Microsoft’s operating system.
This is a fascinating development for a singular author who has his initial work available in the Nook format… which I do (Forgotten Hollywood Forgotten History).
(Reuters news correspondent Phil Wahba contributed textual information on this blog story)
Until next time> “never forget”