Report of Microsoft Buying Nook Media Boosts B&N Shares
After a TechCrunch story yesterday that Microsoft plans to buy the digital assets of Barnes & Noble's Nook Media for $1 billion, B&N stock closed at $22.08 a share, up 24.3%, on a down day on Wall Street. Neither B&N nor Microsoft commented on the TechCrunch story.
Citing "internal documents," TechCrunch also said that Nook will discontinue selling Android-based tablets by the end of fiscal year 2014 and instead sell Nook content through apps on third-party devices.
Last year Microsoft bought 17.6% of the newly formed Nook Media subsidiary for $300 million. TechCrunch said that the internal documents value B&N as a whole at "$1.66 billion. When Nook Media was first formed, the valuation of that division alone was $1.7 billion. When Pearson invested $85 million at a 5 percent stake in January, it was valued at $1.8 billion. If the deal goes through, Microsoft's $1 billion purchase will be well below the price it had originally bought in at."










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Booked for Murder
Books-A-Million's board of directors has nominated Edward W. Wilhelm to serve as a director and will recommend him for election by the company's stockholders at their annual meeting May 28. Wilhelm is currently executive v-p, CFO, of the Finish Line. Before that, he served in several capacities with Borders Group, including as executive v-p and CFO from 2000 to 2009.
From the Facebook page for 
Steve Bercu, owner of 

Mother's Day is big book business, too. On my computer screen, approaching holidays tend to gather momentum like a digital information wave until they inevitably crest into quiet backwash for another year. Our industry is currently surfing the annual Mother's Day breaker because, lovely maternal sentiments aside, this is a key spring retail weekend. Here are a few items that attracted my attention: