Barnes & Noble shares soar Nook spinoff, Microsoft deal

Barnes & Noble shares are soaring today after founder Leonard Riggio has announced he wants to buy the retail assets of the chain he founded more than 40 years ago. 

By Dana Blankenhorn: Investors in Barnes & Noble (BKS) reacted far more positively to Microsoft's $300 million buy-in with Nook than did Microsoft (MSFT) shareholders.

Microsoft will invest $300 million in Barnes & Noble?s e-reader business. The deal values the bookseller?s Nook division at $1.7 billion, and Microsoft will assume a 17.6% stake. Barnes & Noble shares soared 101% to $27.80 in pre-market trading this morning, while Microsoft shares rose only 0.2% to $32.14. The move works to support Barnes ...

By Vatalyst: Microsoft (MSFT) provided a helping hand to another recently, with its $300 million investment into Barnes & Noble (BKE).

After nine long months with a For Sale sign on its door and nary a nibble, the nation’s largest bookstore chain has attracted a potential buyer.

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