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Report: Microsoft considering buying Nook Media for $1 billion

updated 10:43 pm EDT, Wed May 8, 2013

Microsoft offer lower than current company value

Reports have surfaced that Microsoft is allegedly offering $1 billion to buy the digital assets of Nook Media, Barnes & Noble's venture into e-book publishing. Under the terms of the deal, Microsoft would redeem preferred units in Nook Media, which would give control of the operation to Microsoft.

Documents obtained by TechCrunch revealed the plans, as well as Nook Media's intention to discontinue its Android tablet business by the end of 2014, migrating all content reception to third party partner devices. The readers themselves are likely to fade away with time, replaced by the consumer upgrade cycle with other devices (such as iPads) than dedicated ebook readers.

Nook Media broke away from Barnes & Noble last year with assistance from Microsoft to the tune of $300 million for a 16.8 percent share in the company. Microsoft's original intention was availability of the content on the Windows 8 platform. Nook content is available on Android, iOS, and Windows. A Nook for Mac client exists, but is incompatible with OS X 10.8 Mountain Lion.



By Electronista Staff
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