Microsoft Invests $300M in Nook

    NEW YORK - OCTOBER 20:  William Lynch, President of Barnes and Noble.com presents the new "nook" digital reading device on October 20, 2009 in New York City. The "nook" is a wireless reader which will be available on Barnes & Noble's Web site and in stores and is currently available for "pre-order" for $259. The "nook" is less than 5 inches wide and 8 inches tall and weighs 11.2 ounces. At $259 it will be the same price as the recently reduced Kindle by Amazon.  (Photo by Spencer Platt/Getty Images) *** Local Caption *** William Lynch

    Spencer Platt / Getty Images

    Books are always a good investment. That’s what shareholders of Barnes & Noble discovered as the company’s stock skyrocketed 95 percent before the market even opened Monday on the news that Microsoft had secured a 17.6 percent stake in the bookseller’s Nook business. Barnes & Noble announced in January that it wanted to spin off its e-book division. As part of the deal, Microsoft will include a new Nook application in Windows 8, a move that could open up Barnes & Noble’s product to millions of e-book readers. Shares of Barnes & Noble, valued at $13.68 before the announcement, leaped to $26.70 early Monday morning.

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