According to documents found by website TechCrunch, Microsoft is offering $1 billion to buy the digital assets of Nook Media.
Jae C. Hong/AP
According to company documents unearthed by the website TechCrunch, Microsoft is offering to purchase the digital assets of Nook Media for $1 billion. This would include Barnes & Noble’s Nook e-readers, e-books, and tablets.
Also interesting: according to the documents, Barnes & Noble plans to stop producing its Nook tablet devices by the end of the fiscal year 2014. Instead, the company is focusing on a plan where content produced by Nook could be accessed by users through apps on what the company called “third-party partner” hardware. The documents didn’t specifically mention Nook e-readers, according to TechCrunch. Whether this would involve Microsoft tablets such as the Microsoft Surface is unknown.
Microsoft had already teamed up with Barnes & Noble, investing $300 million in the company in April of last year and announcing that it would be working with B&N on the digital side of its business.
Neither Barnes & Noble nor Microsoft commented to TechCrunch for the article.