In what could be one of the biggest moves imaginable for the Nook business empire, the entire unite may soon be acquired by Microsoft.
According to published reports Thursday, Microsoft is offering $1 billion to acquire all of the digital assets of Nook Media.
Internal documents obtained by TechCrunch indicate that Microsoft “would redeem preferred units in Nook Media, which also includes a college book division, leaving it with the digital operation — e-books, as well as Nook e-readers and tablets.”
The documents also reveal that Nook Media plans to discontinue its Android-based tablet business by the end of its 2014 fiscal year as it transitions to a model where Nook content is distributed through apps on “third-party partner” devices.
More than 10 million Nook devices have been sold to date.
Microsoft and B&N representatives are yet to comment on this developing story.