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April 30, 2012

After Microsoft deal, Nook more valuable than Barnes & Noble. Really.

  • $300M the amount Microsoft invested in Barnes & Noble’s Nook business
  • 17% the share of ownership the company has in the Android-driven platform
  • $1.7B the valuation of the Nook business based on the investment source

» Barnes & Noble’s market value Friday: $792 million. That’s right, one product line at Barnes & Noble is now worth twice as much as the entire company was worth three days ago. As a result of the deal, the company’s shares shot up 85 percent in early trading this morning. Before now, the company had been struggling a bit recently, suggesting wider losses as of January as the company ramped up marketing for the Nook. Microsoft’s deal could make those losses a little less painful. The deal also includes a Nook app for Windows 8.

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11:04 // 2 years ago
January 10, 2012
This is a remarkably harmonious place.
White House Press Secretary Jay Carney, rebutting the new book “The Obamas” • Writer Jodi Kantor’s latest book, “The Obamas,” is all about life inside the White House, with a focus on Michelle Obama’s experiences.  There have been quite a number of critics coming out, claiming that she got a lot wrong. Thanks to BuzzFeed, we learned that (excepting some smaller errors on her part) many of those criticisms haven’t held weight. source (viafollow)
15:43 // 2 years ago