Microsoft to Invest $300M in New Barnes & Noble Unit

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

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