Microsoft invests $300m in Barnes & Noble's Nook Book as it eyes Kindle and iPad battle
Microsoft is set to invest £300m in Barnes & Noble’s Nook digital-book.
The deal will see Microsoft take a 17.6% stake in a subsidiary stake in the new subsidiary, and will see the company’s shape up against Amazon’s Kindle device and Apple’s iPad.
A Nook application will now be made available for Windows 8 tablet, which will be released later this year, with an application already available for Windows PCs.
Andy Lees, president of Microsoft, commented: “The shift to digital is putting the world’s libraries and newsstands in the palm of every person’s hand, and is the beginning of a journey that will impact how people read, interact with, and enjoy new forms of content.”
A name for the new subsidiary has yet to be decided.