Microsoft Carves a Notch in Nook

Microsoft on Monday said it will pay $300 million to get a piece of Barnes & Noble’s Nook tablet action for the Windows 8 platform. The two companies will partner in a new Barnes & Noble subsidiary which will push further into the education market. Barnes & Noble will initially create a Nook app for Windows 8. The bookseller has been seeking new ways to monetize its highly profitable Nook business since January, when it announced record sales for that division.

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