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Microsoft source says no plans to buy Nook

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The Web site Insider Monkey posted a story Monday, quoting a "highly placed source inside Microsoft" saying that the company has no plans to buy Barnes & Noble's Nook Media group. Last week, citing documents it said it had seen, TechCrunch reported that Microsoft was prepared to offer $1 billion to buy Nook Media and that B&N would phase out the sale of Nook devices.

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