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Microsoft stock climbs as company parts ways with Barnes & Noble, takes a loss

Back in 2012, Microsoft entered into an agreement with Barnes & Noble to fund their (at the time, quite popular) e-reader/tablet, the Nook. The deal saw Microsoft invest over $300 million in exchange for a 17.6% stake in the rising digital business. However, after years of slumping Nook sales due to the rise of the Kindle and the iPad, as well as Microsoft releasing its own tablet, the Surface line, both companies have agreed to end the pact and split ways.

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