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BN Closed Tikatok; Faces Further PIN Pad Inquiries and Another Possible Patent Fight

December 7, 2012
By Michael Cader

Barnes & Noble’s latest quarterly filing unusually contained a few interesting nuggets that were not announced when the company first reported basic earnings information  for the period. They “decided to shut down the operations of Tikatok,” the online children’s writing platform, and took an impairment charge of $1.97 million on the closure. BN bought Tikatok three years ago for $2.3 million “as part of its overall digital strategy, expanding the company’s reach to additional parents, educators and librarians.” On the plus side, after the quarter closed, in November they received their first operating payment from Microsoft as part of the new […]

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Filed Under: Bookstores, Finance

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