Microsoft interested in acquiring Nook for $1 billion

Following its initial investment of $300 million, Microsoft is looking to take on Nook in its entirety
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Microsoft is reportedly mulling over a bid to take on the digital assets of Nook Media LLC for $1 billion.

A report by Tech Crunch indicates that Microsoft is looking to follow up its initial $300 million investment in Nook with a further bid to take on the firm in its entirety.

Questions were raised following Microsoft's initial investment in Nook given that its device predominantly featured the Android operating system. However, the deal did provide Microsoft with a number of patents and a Windows 8 Nook application.

However, it would appear that Microsoft is taking an even greater interest in the e-reader market, which Tech Crunch opting to explain Microsoft's internal documents on the matter.

"In this plan, Microsoft would redeem preferred units in Nook Media, which also includes a college textbook division, leaving it with the digital operation — e-books, as well as Nook e-readers and tablets," reads Tech Crunch's report.

The documents continue to reveal that Nook is set to discontinue its Android-based tablet range, instead moving its content to a third-party partner, who we can safely assume would be Microsoft.

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