Business/Finance

B&N, Microsoft team up on Nook, college businesses

Monday, April 30, 2012
A product specialist holds up a new Nook during a news conference Tuesday, May 24, 2011, in New York. The new Nook features a black-and-white touch screen and aims squarely at the grandma demographic.(AP Photo/Mary Altaffer)

A product specialist holds up a new Nook during a news conference Tuesday, May 24, 2011, in New York. The new Nook features a black-and-white touch screen and aims squarely at the "grandma" demographic.(AP Photo/Mary Altaffer)

Barnes & Noble Inc. and Microsoft Corp. say they are teaming up to create a new Barnes & Noble subsidiary that will house the digital and college businesses of the bookseller and include a Nook application for Windows 8.

The companies say they are exploring separating those businesses entirely. That could mean a stock offering is in the works.

Microsoft will make a $300 million investment in the subsidiary for an approximately 17.6 percent stake. Barnes & Noble will own about 82.4 percent of the subsidiary, which has yet to be named.

The companies say the subsidiary will help to speed the transition to e-reading. Barnes & Noble sells the Nook e-reader. The Nook app will make Barnes & Noble's catalog of e-books, magazines and newspapers available to Windows customers.

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