Barnes & Noble to make Nook tablets with Samsung
Barnes & Noble says that it is teaming up with Samsung to develop Nook tablets.
The deal will allow the bookseller to focus on developing its Nook digital software and away from building its own tablets.
The device will be a 7-inch Samsung Galaxy Tab 4 with Nook's digital reading software already on it. The tablet will be available at Barnes & Noble's 700 U.S. stores in early August. A price for the device will be announced then.
Barnes & Noble says it will continue to make and sell its $99 Nook GlowLight e-readers and provide customer support.
The company also says it is moving its Nook employees out of its Palo Alto, California, offices to save money. Employees are expected to move to a smaller space in Santa Clara, California, by July.
Its shares rose 68 cents, or 3.6 percent, to $19.59 in midday trading. Its shares have risen more than 26 percent so far this year.