Microsoft Squares Off Against Amazon & Apple in eBooks
Microsoft has invested $300 million in a new subsidiary floated by Barnes & Noble, which will include its Nook business and its educational College business. Microsoft’s cash infusion will get it a 17.6% equity stake, valuing the subsidiary at $1.7 billion. With this move, Microsoft is jumping into the e-books business, in which it will compete with the likes of Amazon, Apple and Google.
Barnes & Noble is the second largest player in the e-book space, but much smaller than Amazon, which completely dominates the market. Apple has been trying to get a foothold in the space and recently found itself in the middle of an antitrust investigation by the DoJ against major book publishers.
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First Edition Design Publishing http:www.firsteditiondesignpublishing.com, based in Sarasota, Florida, USA leads the industry in eBook distribution. They convert, format and submit eBooks to Amazon, Apple, Barnes and Noble, Sony, Google, Kobo, Diesel, 3M, Ingram, Baker and Taylor, Nielsen, EBSCO, scores of additional on-line retailers and libraries, schools, colleges and universities. The company also has a POD (Print On Demand) division, which creates printed books and makes them available worldwide through their distribution network.