04 December, 2014
Barnes And Noble Ends Partnership With Microsoft
The agreement comes alongside with words that Nook device sales and segment revenues falls sharply year over year.
Barnes and Noble stated that ending the partnership gives the company greater “operational and strategic flexibility.” No longer partners in the Nook business, Microsoft is relieved of any duties to fund or support the brand.
he two companies entered into the partnership two years ago with Microsoft initially investing at least $300 million to create Nook Media. An SEC filing reveals that B&N is buying back Microsoft’s 17.6 percent position in the company for just $62 million.