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Microsoft pours $300 million in Barnes&Noble for its own e-book and educational ecosystem

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Microsoft pours $300 million in Barnes&Noble for its own e-book and educational ecosystem
Microsoft is slowly closing the complete circle of devices and services to position itself for the next generation in computing, and its latest investment comes as another proof of that.

The software giant from Redmond together with Barnes&Noble announced a partnership, dubbed Newco, exclusively for the digital and college business of the largest book retailer in the US. Microsoft will contribute about $300 million to the joint venture, which gives it 17.6% stake, with the rest belonging to B&N.

One of the first fruits of this collaboration will be a NOOK app for Windows 8 devices, giving millions of users easy access to one of the largest collection of digital books and magazines. As for the education market, which has a huge potential, Microsoft and B&N will take advantage of the NOOK Study platform, which they'll aim squarely at Apple's iTunes U and iBooks 2.

With this partnership the two companies are putting behind their patent litigation, and the NOOK eReader and Tablet distributed by Newco will have the necessary licence royalties to operate under Microsoft's patents. As per Andy Lees, President at Microsoft:


source: Microsoft

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