TechTaffy

tech:

taffy

Microsoft Acquires $300M Stake In Barnes & Noble’s Nook

By TechTaffy Desk

[Techtaffy Newsdesk]

Barnes & Noble and Microsoft have formed a partnership in a new Barnes & Noble subsidiary. The new subsidiary will bring together the digital and College businesses of Barnes & Noble. Microsoft will make a $300 million investment in the subsidiary at a post-money valuation of $1.7 billion in exchange for an approximately 17.6% equity stake. Barnes & Noble will own approximately 82.4% of the new subsidiary, which will have an ongoing relationship with the company’s retail stores. The name of the new subsidiary is yet to be decided.

As you may have guessed, this will mean that there will be a Nook application for Windows 8, which will provide access to Barnes & Noble’s catalogues of e-Books, magazines and newspapers to Windows customers in the U.S. and internationally. Barnes & Noble’s Nook Study software will also provide a technology platform for the distribution and management of digital education materials in the market through the newly formed subsidiary.

Barnes & Noble and Microsoft have settled their patent litigation, and moving forward, Barnes & Noble and the newly formed subsidiary will have a royalty-bearing license under Microsoft’s patents for its Nook eReader and Tablet products.

You may also be interested in:

Barnes & Noble Considering Spinning Off Nook Business

 

 

Just in

Series A

Tembo raises $14M

Cincinnati, Ohio-based Tembo, a Postgres managed service provider, has raised $14 million in a Series A funding round.
Around the web

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 
Fundings

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.
Around the web

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 
IT

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.