{"id":11192,"date":"2012-04-30T13:54:01","date_gmt":"2012-04-30T11:54:01","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=11192"},"modified":"2012-05-02T10:47:23","modified_gmt":"2012-05-02T08:47:23","slug":"microsoft-buys-stake-in-digital-books","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/software\/11192\/microsoft-buys-stake-in-digital-books\/","title":{"rendered":"Microsoft buys stake in digital books"},"content":{"rendered":"<p><a title=\"Microsoft Corp\" href=\"http:\/\/mybroadband.co.za\/vb\/showthread.php\/211580-Microsoft\">Microsoft Corp<\/a> will invest $300 million in <a title=\"Barnes &amp; Noble\" href=\"http:\/\/businesstech.co.za\/forum\/showthread.php\/2430-Barnes-amp-Noble\">Barnes &amp; Noble Inc&#8217;s<\/a> digital and college businesses, valuing them at $1.7 billion. Shares of Barnes &amp; Noble jumped 79 percent.<\/p>\n<p>Microsoft will get a 17.6 percent stake in the new unit, while Barnes &amp; Noble will own about 82.4 percent, the companies said in a statement on Monday.<\/p>\n<p>The business, whose name has not yet been decided, will have an ongoing relationship with Barnes &amp; Noble&#8217;s retail stores.<\/p>\n<p>Barnes &amp; Noble, the No. 1 U.S. bookstore chain, said in January that it might spin off its digital business, which includes its Nook e-reader.<\/p>\n<p>The companies will introduce an application for the Nook on Windows 8, the upcoming version of Microsoft&#8217;s operating system.<\/p>\n<p>Barnes &amp; Noble is investing heavily to develop its popular Nook devices and the e-books sales they generate as readers move away from traditional books.<\/p>\n<p>Barnes &amp; Noble and Microsoft have settled their patent litigation, the companies said.<\/p>\n<p>Shares of Barnes &amp; Noble were up 79 percent at $24.50 in premarket trading. The company was valued at just above $823 million at Friday&#8217;s close.<\/p>\n<p>Microsoft shares rose 0.7 percent to $32.19.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Microsoft Corp will invest $300 million in Barnes &#038; Noble Inc&#8217;s digital and college businesses, valuing them at $1.7 billion. Shares of Barnes &#038; Noble jumped 79 percent.<\/p>\n","protected":false},"author":7,"featured_media":9423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[25,219,2596,169],"class_list":["post-11192","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-software","tag-active","tag-barnes-noble","tag-digital-books","tag-microsoft"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/11192","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=11192"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/11192\/revisions"}],"predecessor-version":[{"id":11202,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/11192\/revisions\/11202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/9423"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=11192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=11192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=11192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}