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Oct 05 2012
Barnes & Noble and Microsoft have officially completed the strategic partnership they announced at the end of April. The partnership, temporarily called Newco, has the permanent name Nook Media and is a B&N subsidiary that comprises B&N's digital and college businesses and "will continue to have a very close and mutually beneficial relationship with Barnes & Noble's retail stores." Microsoft has made a $300-million investment in Nook Media, for an equity stake valued at approximately 17.6%
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