THE DEAL: Microsoft provided an infusion of money to help Barnes Noble compete with top electronic bookseller Amazon. In exchange, Microsoft gets a long-desired foothold in the business of e-books and college textbooks.
HOW IT WILL WORK: Microsoft Corp. is making a $300 million investment. It will take a 17.6 percent stake in a subsidiary being set up for Barnes Noble’s e-book and college textbook businesses.
THE SIGNIFICANCE: The agreement underscores the importance of electronic bookstores as traditional booksellers and technology companies jockey for position in the increasingly competitive market.
Related posts:
Despite heat, Consumer Reports still loves the new iPad
Today July 8th, is World Disclosure Day
Hamas asks UNESCO to reject Israeli moves against Nativity Church
Hidden Chemicals In Popular Perfumes and Colognes
Twitter index: Juan Gris Google doodle, ‘Gaga Is The Revolution Of Pop’
The Syrian Intelligence War: A Tale of Two Security Headquarters