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Microsoft to Take Stake in Nook Unit of Barnes & Noble
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Microsoft announced on Monday that it would invest $300 million in Barnes & Noble’s Nook division for a 17.6 percent stake. The deal values the e-reader business at $1.7 billion. The move by Microsoft will help bolster the standing of Barnes & Noble’s fastest-growing unit. The bookstore giant had said this year that it was exploring strategic options for the business, including a potential divestiture or strategic partnership.
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