NEW YORK ( TheStreet) -- Microsoft ( MSFT) will make a $300 million investment for a 17.6% stake in a new Barnes & Noble ( BKS) subsidiary that will bring together the bookseller's digital and college businesses. The partnership includes a NOOK application for Windows 8, Barnes & Noble and Microsoft said. Barnes & Noble will own 82.4% of the subsidiary, which hasn't been named. "The partnership will accelerate the transition to e-reading," the companies said in a press release Monday. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.