Reuters: Technology News: Microsoft, Barnes & Noble team up

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Microsoft, Barnes & Noble team up Apr 30th 2012, 11:28 Mon Apr 30, 2012 6:53am EDT (Reuters) - Microsoft Corp (MSFT.O) will invest $300 million in Barnes & Noble Inc's (BKS.N) digital and college businesses in a deal that values the businesses at $1.7 billion. Microsoft will get a 17.6 percent stake in the new unit, called Newco, while Barnes & Noble will own about 82.4 percent, the companies said in a statement on Monday. On January 5, Barnes & Noble, the No. 1 U.S. bookstore chain, said it may spin off its digital business. Barnes & Noble and Microsoft have settled their patent litigation, the companies said.

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