In the new documents, the two say that Barnes & Noble has given up plans for a Nook eReader app for Windows Phone. Instead the two are working on a something new called "the Microsoft Consumer Reader." The new reader will also replace the Nook Windows app, the documents say.
To recap: on April, 2012, Microsoft invested $300 million into a spin-off subsidiary of Barnes & Noble, NOOK Media. The new company was responsible for the Nook eReaders and the bookseller's digital college book business and Microsoft's investment gave it a 17% stake in the new company.
But two years later, it's hard to see how this was a fruitful venture for Microsoft.
Since then, Nook has struggled. As we previously reported, in the September quarter of last year, Nook revenue was down 32.2% on a year-over-year basis, and it had an EBITDA loss of $45.2 million. Those numbers made Nook the worst- performing part of Barnes & Noble.