newco

Microsoft's got the hots for Nook

Every weekday afternoon, CNET Update delivers the top tech stories of the day. The show keeps a close eye on emerging trends, hot devices and new apps. And it's all in less than three minutes.

In today's show, Microsoft's got the hots for Nook, LG has its head in the cloud, and we're battling pigs in space! (space! space! space!):

Microsoft is investing $300 million in a new Barnes & Noble subsidiary that will handle digital and college business. With this investment, expect the Nook to become a stronger player against the Kindle and iPad.

A … Read more

Could Microsoft-B&N deal foretell Windows 8-powered Nook?

Microsoft and Barnes & Noble have settled their patent dispute and are forming a new venture to focus on e-reading and the education market.

The pair today announced the formation of NewCo, which will include Barnes & Noble's digital and college businesses. NewCo will create a Nook e-reading application for Windows 8, as well.

Barnes and Noble will own 82.4 percent of the new subsidiary, and Microsoft will make a $300 million investment in the still-to-be-named NewCo and hold a 17.6 stake in the company. (None of Microsoft's employees will be moving to the new subsidiary, … Read more

Barnes & Noble, Microsoft ink $300M deal on e-reading

Barnes & Noble and Microsoft at one time couldn't get along. Now, they're partners.

The companies announced today that Microsoft has invested $300 million into a new Barnes & Noble subsidiary, known as Newco until the company can come up with a name. The $300 million investment will give Microsoft a 17.6 percent equity stake in the firm. Barnes & Noble, which assumed a $1.7 billion valuation on the subsidiary, will retain 82.4 percent ownership.

Newco will combine Barnes & Noble's digital and college businesses, meaning the retailer's Nook operations and its Nook … Read more