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Microsoft making $300 million investment in Barnes & Noble’s Nook
New York -- Microsoft Corp. and Barnes & Noble have entered into an agreement by which Microsoft will invest $300 million in Barnes & Noble’s digital-book (Nook) business and college texts unit.
With the arrangement, Barnes & Noble's digital and college businesses will become a new, still-to-be-named subsidiary in which Barnes & Noble holds an 82.4% stake and Microsoft owns 17.6%. The agreement also means the two companies have settled their patent dispute.
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This could get interesting - Don Soderquist speaks
Former Walmart senior vice chairman Don Soderquist is the featured speaker at a Doing Business in Bentonville speakers series breakfast presentation scheduled for May 16. Plenty of folks in Northwest Arkansas have heard Soderquist speak before, however his upcoming remarks will take place amid swirling accusations of corruption that event organizers and few others in Bentonville could have envisioned months ago when his participation was confirmed.