Barnes & Noble finally bit the bullet. The company on Wednesday announced its board of directors had approved a proposal to spin off its Nook e-reader business into a publicly traded company. Both its print and e-book divisions have been struggling financially for several quarters; it has become conventional wisdom that one way B&N could right its ship might be to spin off its Nook product line or sell it to a private company. The spinoff will take effect by the end of Barnes & Noble’s first fiscal quarter of 2015.
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Barnes & Noble Gives Its Nook the Hook
Posted by: Erika Morphy June 26, 2014 05:27 PMBarnes & Noble finally bit the bullet. The company on Wednesday announced its board of directors had approved a proposal to spin off its Nook e-reader business into a publicly traded company. Both its print and e-book divisions have been struggling financially for several quarters; it has become conventional wisdom that one way B&N could right its ship might be to spin off its Nook product line or sell it to a private company. The spinoff will take effect by the end of Barnes & Noble’s first fiscal quarter of 2015.