Nook Media will operate as a subsidiary of B&N, and the company was quick to point out that it has no timetable for a review of strategic options, including a spin-off or the creation of a standalone company.
To begin with, Nook Media will focus on its fall launch of the Nook e-reader in the U.K. The company is expected to focus on international markets, and Microsoft has agreed to pay $25 million a year for five years to help develop local-language content and technology for Nook Media.
When the joint venture was first announced, B&N’s stock doubled to $26 share. The stock is trading up about 4.3% today at $13.24 in a 52-week range of $9.35 to $26.00. How quickly investors forget.
Paul Ausick
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.