Barnes & Noble expands college business with Flashnotes investment

New York – Through its Barnes & Noble Education subsidiary, Barnes & Noble Inc. is expanding its college bookstore business before spinning it off later this year. Barnes & Noble Education is investing, through its college business, Barnes & Noble College, in Flashnotes Inc., an online marketplace for college students to sell and buy study materials.



Both companies will also enter into a strategic alliance agreement that will enable Barnes & Noble College to promote Flashnotes.com at partner schools and on digital platforms.



“One of the key objectives of the planned separation of Barnes & Noble Education, comprising the Barnes & Noble College business, from Barnes & Noble Inc., is to pursue strategic opportunities in the growing educational services markets , and our investment in Flashnotes.com is consistent with that objective,” said Max J. Roberts, CEO of Barnes & Noble Education.. “Together, Barnes & Noble College and Flashnotes.com can directly impact student success through a mutual partnership that aligns the student learning and studying experience with a built-in support system, while showcasing the campus bookstore as an important student resource.”



On Flashnotes.com, created in 2010, college students sell and buy student-created course-specific study materials including study guides, notes, flashcards, video tutorials, and live video help.