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Barnes & Noble

Barnes & Noble may spin off Nook

Barnes & Noble may spin off Nook

Barnes & Noble said today that it may spin off the business for its Nook e-reader, the most serious competition for Amazon's Kindle.

In a news release about holiday sales, CEO William Lynch said the company wants to “unlock" the value of the Nook franchise. “We have a large and growing installed base of millions of satisfied customers buying digital content from us, and we have a NOOK business that’s growing rapidly year-over-year and should be approximately $1.5 billion in comparable sales this fiscal year."

The news release...