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B&N creates ‘Newco’ subsidiary with investment from Microsoft

Wednesday, 2 May 2012    Books+Publishing
@booksandpublishing

US bookselling chain Barnes & Noble has creating a new subsidiary for its digital businesses and college bookstores in partnership with Microsoft, reports Publishers Weekly. The venture is temporarily named Newco and is backed by a US$300 million (approximately A$290 million) investment from Microsoft, which gives Microsoft a 17.8% shareholding. Publishers...

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Category: International news