Summary Box: B&N, Microsoft team up

Summary Box: Microsoft takes $300M stake in Barnes & Noble college, digital businesses

Associated Press
Summary Box: B&N, Microsoft team up

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THE DEAL: Microsoft provided an infusion of money to help Barnes & Noble compete with top electronic bookseller Amazon. In exchange, Microsoft gets a long-desired foothold in the business of e-books and college textbooks.

HOW IT WILL WORK: Microsoft Corp. is making a $300 million investment. It will take a 17.6 percent stake in a subsidiary being set up for Barnes & Noble's e-book and college textbook businesses.

THE SIGNIFICANCE: The agreement underscores the importance of electronic bookstores as traditional booksellers and technology companies jockey for position in the increasingly competitive market.

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