Ron Burgundy Posted December 4, 2014 Share Posted December 4, 2014 (Reuters) - Barnes & Noble Inc struck a deal to buy Microsoft Corp's stake in its Nook business for about $123 million, clearing the way for the bookseller to spin off the loss-making division that houses its e-readers and college bookstores. Barnes & Noble shares fell 13 percent in early trading after the company also reported a much weaker-than-expected quarterly profit, primarily due to lower sales in its Nook business. The company said in June it would spin off its Nook business to focus on its book stores. The business accounted for about 3. ... View the full article Quote Link to comment Share on other sites More sharing options...
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