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…
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.
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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.
