Barnes & Noble Seek UK Partner for Nook E-reader (BKS, AMZN, SNE)
Bookseller Barnes & Noble Inc. (NYSE: BKS) is reported to be negotiating a deal with British bookstore chaine Waterstone’s under which the UK bookseller would market B&N’s Nook e-reader. B&N is trying to expand overseas to keep up with Amazon.com…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Bookseller Barnes & Noble Inc. (NYSE: BKS) is reported to be negotiating a deal with British bookstore chaine Waterstone’s under which the UK bookseller would market B&N’s Nook e-reader. B&N is trying to expand overseas to keep up with Amazon.com (NASDAQ: AMZN) and its Kindle family of digital devices. Waterstone’s has been selling the Reader from Sony Corp. (NYSE: SNE) for about three years, according to the report from Bloomberg News.
B&N’s shares took a beating earlier this month when the company said it may spin off its Nook division into a separate company. Nook sales are estimated to account for about 20% of the company’s revenue in 2011.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
