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Old 12-05-2014, 12:33 PM   #1
LXer
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LXer: Microsoft, B&N dissolve Nook marriage for $62 million


Published at LXer:

The companies announced Thursday that B&N will buy out the Windows maker's stake in Nook Media -- the corporation jointly owned by Microsoft and B&N -- for $62.4 million in cash and 2.7 million shares of B&N. In addition, all ties between the companies in Nook Media, including contractual obligations, commercial agreements and international content acquisition, will be revoked.

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