Latest News:  
Beijing   Cloudy    24 / 13   City Forecast


Microsoft, Barnes &Noble join e-book venture


10:11, May 02, 2012

SAN FRANCISCO, April 30 (Xinhua) -- Microsoft and U.S. book retailer Barnes &Noble on Monday announced an e-book venture to challenge Amazon and Apple in the market.

Microsoft will make a 300-million-U.S. dollar investment in the new Barnes &Noble subsidiary which will bring together the digital and college business of Barnes &Noble, according to a joint press release of the two companies.

Microsoft will account for an approximately 17.6 percent equity stake and Barnes &Noble will own the remainder of the subsidiary which has been valued at about 1.7 billion dollars.

The as yet unnamed company will focus on Barnes &Noble's Nook e-reader, the e-book brand and the educational reading market. The two companies did not give much details on their partnership, but announced to release a Nook application for Windows 8, Microsoft's latest operating system scheduled to be unveiled later this year.

As the largest book retailer in the U.S., Barnes &Noble has been working to grab its share for the growing digital book market which is currently dominated by Amazon and Apple.

Microsoft and Barnes &Noble also said they had settled an e- book patent dispute, reaching a royalty-bearing license under Microsoft's patents for Barnes &Noble's Nook e-reader and tablet products.


Leave your comment0 comments

  1. Name


Selections for you

  1. Naval escort taskforce 171 makes port call, HK

  2. A visit to "the last Shangri-La"

  3. Traditional Tibetan Opera performance

  4. Cave workshop of traditional papermaking

Most Popular


  1. EU commissioner looks to increase investment
  2. Commodities trading a hurdle for global yuan use
  3. Relations reach new heights
  4. China opposes Philippine school in S. China Sea
  5. Top adviser's visit promotes friendship, cooperation
  6. Where does the world go from here?
  7. Panicky responses to shootings harm students
  8. ChiNext delisting policies ramp up risk for investors
  9. Motives behind Tokyo's claim to buy Diaoyu Islands
  10. Huangyan crisis hints long-term tensions

What's happening in China

Ancient wedding ceremony held in Xi'an

  1. Medicine firms slammed for using stars
  2. Fake capsule crackdown expanded
  3. Young migrant workers prefer Shanghai
  4. Taipei's Palace Museum to expand
  5. Sichuan storms strand thousands of passengers

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai