Microsoft Invests in New Barnes & Noble Unit, Settles Litigation - bellparist98

Microsoft volition invest US$300 one thousand thousand in a new Barnes & Noble subsidiary, which will include the digital Nook and College businesses of Barnes & Noble, the companies said in joint statement connected Monday.

The formation of the new subsidiary and the relationship with Microsoft are important parts of Barnes &ere; Noble's strategy to seek to capitalize happening the ontogenesis of the Nook business, IT said.

The investment will springiness Microsoft a 17.6 percent equity stake, which values the unnamed subsidiary at $1.7 cardinal, according to the statement. Barnes & Noble will own the rest of the social unit, which wish still wreak with the company's retail stores, it said.

As part of the deal, Barnes & Noble and Microsoft have also settled their patent litigation, and moving forward, Barnes & Noble and the raw subsidiary will pay Microsoft royalties for its Corner e-lector and tablet products.

Microsoft filed action at law against Barnes & Noble in March last twelvemonth.

Barnes & Noble now intends to explore totally alternatives for how a plan of action separation of the adjunct may fall out, but thither is nobelium set timetable for when the brushup will be finished, IT aforesaid.

One of the first results for users wish be a Nook application for Windows 8. The app will stretch the extend to of Barnes & Noble's digital bookstore to devices supported connected Microsoft's upcoming Windows operating organization, which will be used on both PCs and tablets. There is no date for when the application will arrive.

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