(Reuters) - Barnes & Noble Inc (BKS.N) struck a deal to buyMicrosoft Corp's (MSFT.O) stake in Nook Media LLC, ending a two-year partnership and clearing the way for the bookseller to spin off its loss-making e-reader and digital content division.
Barnes & Noble shares closed down 5.4 percent on the New York Stock Exchange after the company also reported a much-weaker-than-expected quarterly profit, due to lower sales of Nook devices.
The company estimated the value of the cash and share deal at about $125 million.
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