Microsoft Invests In New Barnes & Noble E-Reader Subsidiary

Microsoft annnounced Monday it invested $300 million in Barnes & Noble's e-reading subsidiary, which the retailer will form from its digital and college businesses, taking a 17.6% equity stake in the business. The two companies said a Nook application will become available for Windows 8, making Barnes & Noble's library of books, magazines, and newspapers available to Windows customers. The Microsoft operating system becomes available at the end of the year.

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