Summer Sale Extended! Get unlimited digital access for 13 weeks for $13.
Topics

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 underscored the industry's seismic shift from selling print books in stores to selling e-books online. Over the nine-week...

Loading
64°