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Barnes & Noble to spin off Nook Media, will take it public

Nate the greatest (2261802) writes | about 2 months ago

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Nate the greatest (2261802) writes "It looks like the recent rumors about B&N splitting up were true. Along with could-have-been-worse financial news, Barnes & Noble just announced that it's going to spin off its two year old ebook subsidiary into a new publicly traded company. The move won't be finalized until 2015, but when it happens the new company is expected to have both existing parts of Nook Media, including the less than successful ebook division and B&N College, which is still managing to turn a profit. Barnes & Noble hasn't revealed the price Nook Media stock will be selling for but I would bet that it will be valued at far under the $1.8 billion value B&N assigned when Nook Media was created in April 2012."
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