TechCrunch: Microsoft offering $1 billion to buy Nook Media
Microsoft has put forward an offer to buy complete control of Nook Media LLC, according to internal documents seen by TechCrunch. Redmond's joint venture with Barnes & Noble was set up last year to handle the Nook e-reader, tablet and college bookstore business. If the documents are accurate, Microsoft will dump the academic retail chain while retaining the digital arm of the partnership for $1 billion. The evidence also suggests that Nook Media will axe its Android tablets by the end of the 2014 financial year, concentrating instead on pushing the Nook store onto third-party devices including Windows 8 and/or Surface hardware. Simple Touch owners shouldn't be too worried, however, as the leaked documents state that Nook Media's e-reader division won't be killed off, as the technology is facing its own "natural decline." We've reached out to Barnes & Noble for something more official, and we're waiting to hear back.
