Samsung, Barnes & Noble Team Up on New Nook Tablets

by Christopher Freeburn | June 5, 2014 11:09 am

Struggling bookseller Barnes & Noble (BKS[1]) has found a new partner for its Nook tablets business[2].

nook_630[3]

On Thursday, Barnes & Noble said that it will develop new Nook tablets in a co-branding partnership with South Korean electronics giant Samsung. The new Nook tablets will be called the Samsung Galaxy Tab 4 Nook and will begin reaching consumers later this summer, CNET notes.

Nook tablets, once a bright spot for Barnes & Noble, have seen their market share plunge[4] in competition with Amazon’s (AMZN[5]) Kindle tablets and Apple’s (AAPL[6]) iPads.

The Samsung Galaxy Tab 4 Nook, which will become available in August, will have a 7-inch display and will run on Barnes & Noble’s Nook software. Under the partnership with Samsung, Barnes & Noble will effectively exit the hardware side of the Nook tablets business.

In 2012,  (MSFT[7]) acquired a 17% stake[8] in Barnes & Noble’s Nook business.

BKS stock climbed more than 2% in Thursday morning trading on news of the deal. Barnes & Noble stock closed at $18.90 per share on Wednesday.

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Endnotes:

  1. BKS: /stock-quotes/BKS-stock-quote/
  2. a new partner for its Nook tablets business: http://www.cnet.com/news/samsung-barnes-noble-team-up-on-tablet-design/
  3. [Image]: https://investorplace.com/wp-content/uploads/2012/05/nook_630.jpg
  4. have seen their market share plunge: https://investorplace.com/2013/07/nook-failure-puts-barnes-noble-ceo-on-unemployment-line/#.U5CGyRZhOf0
  5. AMZN: /stock-quotes/AMZN-stock-quote/
  6. AAPL: /stock-quotes/AAPL-stock-quote/
  7. MSFT: /stock-quotes/MSFT-stock-quote/
  8. acquired a 17% stake: https://investorplace.com/2013/05/microsoft-could-pay-1b-for-bns-nook-unit/#.U5CG8RZhOf0
  9. RadioShack Hopes New Gadgets From Startups Will Get People in Door: https://investorplace.com/2014/06/radioshack-new-gadgets-startups-pch-international/
  10. New Apple Health Technology Prepares to Do Battle With Samsung: https://investorplace.com/2014/06/apple-health-technology-aapl/
  11. 6 Things to Know bout the New Sony Xperia T3 Smartphone: https://investorplace.com/2014/06/6-things-know-bout-new-sony-xperia-t3-smartphone/

Source URL: https://investorplace.com/2014/06/samsung-barnes-noble-team-new-nook-tablets/