A report at TechCrunch now says that Microsoft is considering buying out B&N and other investors for $1 billion. Nook Media includes a college bookstore division and e-books and Nook e-readers and tablets. The report is based on internal documents obtained by TechCrunch.
Nook Media plans to discontinue its use of Android from Google Inc. (NASDAQ: GOOG) by the end of 2014 and transition to a Windows environment for the Nook products. The documents obtained by TechCrunch also indicate that Nook Media would introduce third-party tablets sometime in 2014.
Shares of B&N are getting a real boost from the report, up more than 27% in premarket trading this morning at $22.61, a new 52-week high if it holds. The current range is $11.17 to $19.58. B&N shares topped $26 last year when the Microsoft investment was announced.
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