Microsoft, Barnes & Noble join e-book venture

Microsoft, Barnes & Noble join e-book venture


Microsoft and U.S. book retailer Barnes & Noble on Monday announced an e-book venture to challenge Amazon and Apple in the market.

Microsoft will make a 300-million-U.S. dollar investment in the new Barnes & Noble subsidiary which will bring together the digital and college business of Barnes & Noble, according to a joint press release of the two companies.

Microsoft will account for an approximately 17.6 percent equity stake and Barnes & Noble will own the remainder of the subsidiary which has been valued at about 1.7 billion dollars.

The as yet unnamed company will focus on Barnes & Noble's Nook e-reader, the e-book brand and the educational reading market. The two companies did not give much details on their partnership, but announced to release a Nook application for Windows 8, Microsoft's latest operating system scheduled to be unveiled later this year.

As the largest book retailer in the U.S., Barnes & Noble has been working to grab its share for the growing digital book market which is currently dominated by Amazon and Apple.

Microsoft and Barnes & Noble also said they had settled an e- book patent dispute, reaching a royalty-bearing license under Microsoft's patents for Barnes & Noble's Nook e-reader and tablet products.


People watch

It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.