Nook to be spun out of Barnes and Noble

Bookseller Barnes and Noble announced on Wednesday that it is spinning off the Nook division, which produces a line of e-readers and tablets. The .Nook division has been in a slump. For fiscal 2014, the company reported that sales in that division had slumped 35.2% year-over-year. Microsoft happens to own 17.6% of Nook by virtue of a $300 million investment in the company made by the software giant in 2012.



Besides the e-readers, which have to compete with Amazon's Kindle range, the Nook HD and Nook HD+ are tablets that compete with the popular Amazon Kindle Fire slates. Despite competitive ...



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