Microsoft reportedly mulls bid for Nook Media's digital assets
Microsoft has reportedly offered to pay as much as $1 billion to buy out the digital assets of Nook Media, the e-book joint venture between the software giant and bookseller Barnes & Noble.
Under the plan, according to internal documents obtained by TechCrunch, Microsoft would purchase preferred units in the joint venture, which includes a college textbook division, while leaving Nook Media with the e-book and e-reader operations.
The documents also reportedly outline plans to discontinue its Android-based tablet business next year as it transitions to a strategy that focuses on licensing content to third-party developers. The bookseller had acknowledged … Read more