B&N 8-K: Microsoft Paying $180M Advance On Nook For Windows 8, $125M For Content, Tech Acquisition

Microsoft really wants to make sure it can compete against Amazon and Apple in the e-books space -- and it's putting its money where its mouth is. In addition to the $300 million Microsoft is investing for a 17.6 percent stake in Newco, the un-named subsidiary that will now house B&N's Nook and other digital businesses, it looks like it is putting other money towards the venture, according to the 8-K form filed by Barnes & Noble earlier today. A section called "Commercial Agreement" notes that Microsoft will be paying the Barnes & Noble subsidiary $180 million in connection with revenue sharing on the Nook app that B&N will make for the Windows 8 platform. This is nonrefundable, the filing notes. Microsoft is also paying $125 million (equal to $25 million over five years) "for purposes of assisting NewCo in acquiring local digital reading content and technology development." This, too, looks to be nonrefundable.

masters golf tournament the replacements how to hard boil eggs new nfl uniforms easter derbyshire the matrix