News organization Reuters has filed a story about a huge finalized deal involving Microsoft and Barnes & Noble. On Monday, they reported:
Microsoft Corp has agreed to invest $300 million in Barnes & Noble Inc’s Nook digital-book business and college texts, in a deal that helps establish the value of the popular Nook business while giving Microsoft a foothold in the eBook market.
Shares of Barnes & Noble nearly doubled in premarket trading after the deal was announced. The agreement values the Nook and textbook business at $1.7 billion.
The agreement is a real game-changer with regards in the ongoing competition between the sales of literary downloads on Amazon Kindle vs. B&N Nook. One example of the vast impact the on-line conglomerate will have, according to Reuters:
Microsoft and Barnes & Noble will introduce an application for the Nook on Windows 8, the upcoming version of Microsoft’s operating system.
This is a fascinating development for a singular author who has his work available in the Nook format… which I do (Forgotten Hollywood Forgotten History).
(Reuters news correspondent Phil Wahba contributed textual information on this blog story)
Forgotten Hollywood Forgotten History and Son of Forgotten Hollywood Forgotten History shares America's story through the eyes of actors from Hollywood's Golden Age. These poignant tales are available on Amazon... a thoughtful gift for family or friend.
Forgotten Hollywood Forgotten History is also an eBook on Kindle, Nook, Sony eReader, and Apple...
Make TODAY the day you pick up copies of the series... (Mother's Day is just around the corner)
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