Now it's disclosed to be $605 million over a few years.
By GINA CHON And SHIRA OVIDE
Microsoft Corp. MSFT +0.11% is investing at least $605 million in Barnes & Noble Inc.'s BKS +51.68% Nook digital-book business, as the software giant pushes deeper into the e-books business and props up a rival to the iPad and Amazon's Kindle.
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In addition to a $300 million investment Microsoft announced Monday in the new subsidiary, Microsoft also pledged to dole out $180 million—or $60 million a year for three years—to the subsidiary in the form of revenue-sharing guarantees, according to a copy of the contract filed Monday with the Securities and Exchange Commission.
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Microsoft also pledged $25 million a year over five years, or $125 million, to assist in NewCo's planned international expansion, according to the companies' contract. The agreement says the money is earmarked to assist the Barnes & Noble business "in acquiring local reading content and technology development."
wsj.com
But it was downhill from right after 7:00 AM when BKS was up more than 100%.
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