Jesseb Shiloh Jesseb Shiloh is new to blogging. He enjoys things that most don't and dismisses society as an unfortunate distraction. Find him on WeHeartWorld, Twitter, Facebook, and Pinterest.

Barnes & Noble decides to end its Nook partnership with Microsoft

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For a long while, it looked as if Microsoft and Barnes & Noble would become more than just firm friends. The pair had been entangled in a similar partnership that the software giant had with Nokia, throwing $300 million to support the ailing bookseller. Back then, the idea was that B&N would create reading apps for Microsoft’s devices while, presumably, Microsoft gained an ally that could stand up to Amazon in the e-book market. Since B&N is now planning to spin-off Nook Media, which uses Samsung hardware for its e-readers, there’s little need for Microsoft’s further involvement.

Microsoft Corp. ’s flirtation with Barnes & Noble Inc. has ended, clearing the way for the largest U.S. bookstore chain to get on with its plans to split itself into two separate public companies. Barnes & Noble said Thursday that it is buying out Microsoft’s 16.8% stake in Nook Media LLC for about $125 million in cash and common stock. Microsoft in 2012 agreed to invest $605 million in Barnes & Noble’s Nook digital device and e-book business and its college bookstore group. The investment included a $300 million equity stake plus additional investments through 2017. In return, Barnes & Noble committed to creating e-reading apps for new computers, phone and tablets powered by Microsoft’s Windows software. Wall Street analysts and investors wondered whether Microsoft would eventually make a larger commitment to Barnes & Noble, but that never materialized. In a statement Thursday, Microsoft said, “As the respective business strategies of each company evolved, we mutually agreed that it made sense to terminate the agreement.” Microsoft is taking a loss on its investment, but won’t have to make any further financial commitments. However, It will continue to have a connection to the Nook digital business; if that money-losing business is sold in the next three years, Microsoft is entitled to 22.7% of the proceeds.

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Jesseb Shiloh Jesseb Shiloh is new to blogging. He enjoys things that most don't and dismisses society as an unfortunate distraction. Find him on WeHeartWorld, Twitter, Facebook, and Pinterest.

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