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Nook Media Officially Spins Out Of B&N With Microsoft’s Help, Plans To Enter Ten New Markets By Next Year

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http://techcrunch.com – Barnes & Noble has been aiming to create a subsidiary out of their Nook business since last April and now the ink is dry on a new partnership between Nook Media, a subsidiary of B&N, and Microsoft. Microsoft invested $300 million along with $305 million in payments to own 17% of the new company which has a $1.7 billion post money valuation. Nook Media consists of the Nook Digital brand of software, content, and devices as well as B&N’s college business. The partnership is aimed at getting Nook content onto Windows 8 devices, thereby allowing Nook Media a valuable foothold in (IT news)