Microsoft's $300 Million Investment for a Better Reading Experience

By

On Thursday, Barnes & Noble, Inc. and Microsoft announced the completion of their previously announced strategic partnership in a recently formed Barnes & Noble subsidiary and a leader in the emerging digital reading and digital education markets, NOOK Media LLC.

To the hundreds of millions of customers businesses jointly serve, Microsoft and Barnes & Noble’s strategic partnership in NOOK Media LLC will enable the companies to advance world-class digital reading experiences.


Image via www.barnesandnoble.com

Comprising the digital and College businesses of Barnes & Noble, NOOK Media LLC will continue to have a very close and mutually beneficial relationship with Barnes & Noble’s retail stores. The partnership includes a $300 million investment from Microsoft in NOOK Media LLC.

William Lynch, CEO of Barnes & Noble stated that due to the continually increasing demand for digital content, they are focused on bringing ground-breaking reading and learning content and technologies to more people in more formats than ever before which includes the imminent launch of its exceptional NOOK reading application for Windows 8.

“We look forward to working closely with our new partner Microsoft to add value to their innovative new platform by bringing great reading experiences and one of the world’s preeminent digital bookstores to millions of Windows 8 users,” added Lynch.

With Barnes & Noble owning the remaining shares and at a post-money valuation of $1.7 billion in exchange for an approximately 17.6 percent equity stake, Microsoft made its $300 million investment in NOOK Media LLC.

For its investment in NOOK Media LLC and as previously announced, there is no set timetable for Barnes & Noble’s review of strategic options. Whether the review will result in a strategic separation or the creation of a stand-alone public company cannot be guaranteed. Regarding the review, unless and until a decision is made, Barnes & Noble does not intend to comment further.




Edited by Brooke Neuman
Get stories like this delivered straight to your inbox. [Free eNews Subscription]

Contributing Writer

SHARE THIS ARTICLE
Related Articles

Enhancing Cybersecurity Measures for Modern Businesses

By: Contributing Writer    7/2/2025

Cyberattacks are rising, and businesses of all sizes feel the pressure. Small companies often think they're too small to be targets. They aren't. Hack…

Read More

Lessons Learned from Enterprise Oracle Cloud Migrations

By: Contributing Writer    7/1/2025

Switching to Oracle Cloud can feel daunting. Security risks, unexpected expenses, and performance troubles often turn what seems like an effortless up…

Read More

Protecting Business Assets with Smarter Security Frameworks

By: Contributing Writer    7/1/2025

Protecting your business is more challenging than ever. Cyber threats are increasing every day. Hackers target small and large businesses alike, searc…

Read More

Emerging Trends in Technology and Their Impact on Future Innovations

By: Contributing Writer    7/1/2025

Technology is changing faster than ever. Business owners often struggle to keep up. What's trending today might be outdated tomorrow. Falling behind c…

Read More

Tech Podcast Award Winners Bring Excitement and Enthusiasm to a Range of Important Tech Topics

By: TMCnet Staff    6/18/2025

Tech Podcast Award winners produce engaging, informative, and often entertaining content, bringing valuable insight from industry front lines to the e…

Read More