Technology Bellringer

Barnes & Noble Shares Jump on Sign of Microsoft Interest in Nook

In morning trading, shares of Barnes & Noble were up 18 percent, at $20.99.
Microsoft already owns about 17.6 percent of the Nook division, having paid $300 million last year. According to TechCrunch, the company would seek to take over the unit’s e-books and devices operations.
News of Microsoft’s interest comes over two months after Leonard S. Riggio, Barnes & Noble’s chairman, disclosed his effort to buy the bookseller’s 689 stores.

Read more at: http://dealbook.nytimes.com/2013/05/09/barnes-noble-shares-jump-on-sign-of-microsoft-interest-in-nook/?ref=technology