Microsoft Considers $1 Billion Bid For Nook: Report

Microsoft is considering offering Barnes & Noble $1 billion to buyout the Nook Media business, an asset that the Washington-based technology company already has a 16.8% stake in, according to a report in TechCrunch. Microsoft would redeem some of its shares in Nook Media, and take over the Nook eBook and tablet business. Here is more from TechCrunch:

The documents also reveal that Nook Media plans to discontinue its Android-based tablet business by the end of its 2014 fiscal year as it transitions to a model where Nook content

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