Microsoft Employee Says Nook Buyout Deal Is Rumor, “Hoopla”

Last week, rumors were circulating that Microsoft was gearing up to buy out Barnes& Noble’s Nook business in what could have been a $1 billion deal.

Insider Monkey is reporting that this story is false and that the story was “nothing more than a rumor.” Check it out:

Insider Monkey received word from a highly placed source inside Microsoft Corporation (NASDAQ:MSFT) who said that the story was only a rumor, and that nothing imminent is happening in regards to Microsoft and its investment in the NOOK Media entity, or reports that it is buying out Barnes & Noble, Inc. (NYSE:BKS) from the operation.

“I literally just walked out of the meeting today discussing all this Microsoft/NOOK hoopla going on,” the anonymous Microsoft source emailed Insider Monkey.