|A member of the Funky Media Group|
|Microsoft invests $300 million USD in Nook e-books|
|Posted by Will Smith|
|Tuesday, 01 May 2012 01:50|
Are they really that good? ...I guess they're cheaper than iPads and they're good for doing one thing ... reading e-Books and e-Magazines.
"Microsoft has invested $300m (£185m) in a digital venture with US bookseller Barnes and Noble. The deal could make Barnes and Noble's Nook e-book reader available to millions of new customers, integrating it with the Microsoft's new Windows 8 operating system.
The as-yet unnamed new company will be 82.4% owned by Barnes and Noble, with Microsoft getting a 17.6% stake. It will house the bookseller's digital and college education book businesses.
... The Nook e-reader was launched in 2009 to compete with Amazon's Kindle, allowing users to buy, download and read digital versions of books and magazines.
Microsoft sued Barnes and Noble in March last year, alleging the Nook, which runs on the Google Android operating system, infringed its patents. The deal would seem to indicate an end to hostilities.
Traditonal bookseller chains have been struggling to cope with the e-book revolution and some have found it difficult to compete against Amazon's distribution of cut-price physical books."