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Microsoft, Barnes & Noble agree to halt development of Nook app for Windows

nook tabletThanks to a revised settlement with Microsoft, Barnes & Noble will not develop a Windows app for its Nook e-reader.

In an replace to a pact fashioned two years in the past, Microsoft agreed to enable the bookseller to cease engaged on apps for the Windows platform and as an alternative make investments assets towards a “Microsoft Shopper Reader,” as ZDNet’s Mary Jo Foley notes.

Foley reviews that the adjustments, which had been noted in an SEC filing, won’t lead to a devoted Microsoft e-reader, however fairly an e-reading app doubtlessly from Microsoft Workplace and Xbox that will use content material from Nook Media.   

Microsoft invested $300 million for a 17.6 % stake within the Nook enterprise again in 2012 however outcomes from the partnership between the businesses have been minimal as Barnes & Noble struggles to sustain with Amazon and Apple within the e-reader house. The bookseller recently laid off a number of employees in its Nook division.

Barnes & Noble inventory has remained steady in the present day at round $21.50 per share.

Right here’s the important thing excerpt from the SEC submitting …

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