Barnes & Noble May Separate Nook

SPLITTING UP

Updated Apr. 21, 2017 5:45PM EDT / Published Jan. 05, 2012 8:10PM EST

Mary Altaffer / AP Photo

Barnes & Noble Inc. warned of heavier-than-expected losses this year, and said that it is considering separating its Nook e-book business. Chief Executive William Lynch said, “We see substantial value in what we’ve built with our Nook business in only two years, and we believe it’s the right time to investigate our options to unlock that value.” The losses resulted from a “shortfall in the expected sales of Nook Simple Touch,” and the company said it had "overanticipated the growth in consumer demand for single purpose black-and-white reading devices this holiday."

Read it at The Wall Street Journal

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Barnes & Noble May Separate Nook

Mary Altaffer / AP Photo