Wednesday night TechCrunch claimed to have obtained internal documents in which “Microsoft is offering to pay $1 billion to buy the digital assets of Nook Media LLC.” — and the stock market responded Thursday morning with a jump in Barnes & Noble’s stock. It opened up more than 25 percent or about $4.60 a share but has settled over the next 90 minutes, up about $3 a share. Prior to the report, BN’s entire market cap was just over $1 billion. But the TC piece is full of errors and oddities, starting with the belief that Nook Media “also includes […]
