According to internal documents acquired by fellow tech site, TechCrunch, Microsoft is reportedly offering $1 billion to purchase the digital assets of Nook Media LLC.
In case you didn't know, Nook Media is a joint venture of Barnes & Noble and other notable investors which included Microsoft. Nook Media has a college textbook division, an online bookstore, an e-content publishing business, and it also includes the popular Nook devices of Barnes & Noble. It's worth noting that Microsoft previously invested $300 million along with a reported $305 million to own 17% of the new company.
So far Microsoft did not confirm TechCrunch's report. Furthermore, the document has reportedly revealed that Nook Media is planning to discontinue its Nook tablets by the end of its 2014 fiscal year in order to push Nook Media's wide content to third-party devices. This would be made possible through apps. TechCrunch says that it is not clear whether the third-party tablets would be Microsoft’s own Windows 8 devices.
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