Microsoft buying Barnes & Noble's Nook Media? Microsoft insider says no

An anonymous Microsoft source calls talk about Microsoft planning to buy the Nook Media branch of Barnes & Noble 'nothing more than a rumor.'

|
Brendan McDermid/Reuters
After a story was posted refuting rumors of Microsoft buying Barnes & Noble's Nook Media, B&N stock fell again.

Rumors that Microsoft was planning to purchase Barnes & Noble’s Nook Media caused B&N stock to rise and some in the book industry to wonder what this would mean for one of the last remaining big bookstore chains.

But the website Insider Monkey is now quoting someone they cite as “a highly placed source inside Microsoft” who says that the story of a possible deal is not true. 

“This deal was nothing more than a rumor,” says the source, according to Insider Monkey. “Microsoft Corporation (NASDAQ:MSFT) will not come out and deny or confirm for legal reasons, but the company has no intention of acquiring the NOOK unit.”

According to Insider Monkey, the source told them that because Nook uses Android software, it would not be possible for the Nook to be used with Windows 8.

B&N stock fell 9.5 percent after the story was posted, according to Shelf Awareness.

So for the moment, the future of Nook Media – the portion of Barnes & Noble that focuses on the Nook and its digital services such as tablets, e-books, and e-readers – remains in flux.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

QR Code to Microsoft buying Barnes & Noble's Nook Media? Microsoft insider says no
Read this article in
https://www.csmonitor.com/Books/chapter-and-verse/2013/0514/Microsoft-buying-Barnes-Noble-s-Nook-Media-Microsoft-insider-says-no
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe