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Rumors of a Microsoft Bid for Nook

TechCrunch broke the surprising news that Microsoft might be considering a $1 billion for Barnes & Noble’s Nook Media business. 

AppNewser has more about the bookseller’s history with Microsoft:

the Washington-based technology company already has a 16.8% stake in [Nook Media] … Microsoft has been working with Barnes & Noble last year, when the two companies came together to form a digital content subsidiary which included combining Barnes & Noble’s digital and college businesses into one business unit. As part of the partnership, Microsoft invested $300 million in the company. Last year, publishing company Pearson acquired a 5% equity stake in the Nook business after investing $89.5 million in the business.

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