Barnes & Noble Inc. and Microsoft Corp. say they are teaming up to create a new Barnes & Noble subsidiary that will house the digital and college businesses of the bookseller and include a Nook application for Windows 8.
The companies say they are exploring separating those businesses entirely. That could mean a stock offering is in the works.Microsoft will make a $300 million investment in the subsidiary for an approximately 17.6 percent stake.
Barnes & Noble will own about 82.4 percent of the subsidiary, which has yet to be named.The companies say the subsidiary will help to speed the transition to e-reading.
Barnes & Noble sells the Nook e-reader. The Nook app will make Barnes & Noble's catalog of e-books, magazines and newspapers available to Windows customers.
For the latest tech news and reviews, follow Gadgets 360 on Twitter, Facebook, and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel.