Yesterday, in a somewhat surprising announcement, Microsoft and Barnes & Noble agreed to a deal that resolved their ongoing patent dispute, spun off the bookstore’s Nook business as a subsidiary into which Microsoft invested $300 million, and ensured that a Nook app will be available for Windows 8 when it launches later this year.
Although rumors have been floating around for months that Barnes & Noble was planning to spin of the Nook as a separate company or subsidiary, Microsoft’s involvement came as a surprise – one that raises interesting questions about what the two companies have in mind for their new joint business.