Microsoft just announced this morning plans to invest in Barnes & Noble's Nook division, in an effort to better compete with the likes of Apple and Amazon in an increasingly competitive market for electronic books.
The Windows maker will form a yet-to-be-named subsidiary with Barnes & Noble, pouring a cool $300 million of its own money into the new entity. It will encompass all of the Nook biz, it has been confirmed, in addition to educational college content.
With this investment Microsoft is thinking big, securing a 17.6 percent stake in the new company valued at a whopping $1.7 billion...