Microsoft Takes a Bath on Failed Nook Partnership

After sinking $300 million into Barnes & Noble’s digital reading business, Microsoft is walking away with about $120 in cash and stock—and not much else.
As the Wall Street Journal reports, the two companies have terminated a partnership that began in 2012. At the time, the idea was to create a new subsidiary that included Barnes & Noble’s Nook and college businesses, in which Microsoft would take 17.6 percent ownership. The bookseller is buying back Microsoft’s stake for $62