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May 9, 2013

Barnes & Noble (BKS) Higher; Microsoft (MSFT) to Buy Nook Digital Assets for $1B

Filed under: M&A News — Tags: , , — admin @ 8:02 am

Microsoft (Nasdaq: MSFT) plans to spend $1 billion for digital assets of Nook, according to reports in TechCrunch, citing internal documents. Microsoft plans to redeem preferred units in Nook as part of the plan. Shares of Barnes & Noble’s (NYSE: BKS) moved higher in response to the report.

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