Barnes & Noble And Microsoft Call Off Their Nook Partnership
In the middle of yet another disappointing earnings report Thursday, Barnes & Noble announced that it's terminating the strategic partnership it formed with Microsoft in 2012. That partnership had combined Barnes & Noble's Nook and college businesses into a division called Nook Media, into which Microsoft invested $300 million.
Such termination will allow the Company to continue its rationalization of the NOOK Digital business and enhances Barnes & Noble's operational and strategic flexibility. The termination also relieves Microsoft of any obligation to continue to fund support and other payments