We’ve previously written about Barnes & Noble (BKS) separating its Nook division in preparation for a possible spinoff (here, here, here and here). Spinoff king John Malone has some involvement. We guess what was really missing was for a man with no history as an activist, who has not disclosed any stake in the...
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As we discussed previously, Microsoft(MSFT) had agreed to invest $300 million for a 17.6% stake in NOOK Media, which includes the digital and College assets of Barnes & Noble(BKS) including the NOOK device business. Barnes & Noble continues to own the remainder of the business. In today’s release, the company was careful to note...
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We’ve written here previously about the possibility of embattled bookseller Barnes & Noble(BKS) spinning off its Nook business. We’ve written elsewhere about the turnaround at Microsoft(MSFT). Today, both stories collide in an explosive way. The two companies will create a joint venture to which Barnes & Noble will contribute its Digital and College businesses,...
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It shouldn’t come as a surprise to anyone that Barnes & Noble(BKS) is struggling. Its stores, with their high fixed costs and high prices, have difficulty competing with online-only Amazon(AMZN). Despite years to improve its website, shopping at bn.com is still a sterile experience that leaves even ardent bibliophiles like us cold(and prices are...
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