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Barnes & Noble dumps Microsoft tablet ties

New York - US bookseller Barnes & Noble said on Thursday it had ended a partnership with Microsoft for its Nook tablet computers, as the retailer prepares a spinoff of the unit.

B&N said it agreed to buy back the stake from Microsoft, which in 2012 agreed to invest $300m in the Nook division.

The companies "have agreed to terminate their commercial agreement including any associated obligations for international content acquisition and sale", said B&N statement.

"Such termination will allow the company to continue its rationalisation of the Nook Digital business and enhances Barnes & Noble's operational and strategic flexibility."

Nook has had a difficult time in a tablet market led by Apple, Amazon and Samsung, but earlier this year agreed to make a co-branded tablet with the South Korean electronics giant.

B&N separately said it posted a profit of $12.3m on revenues of $1.7bn in the previous quarter, with the Nook division seeing an operating loss of $38m.

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