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"This deal was nothing more than a rumor ... [Microsoft] has no intention of acquiring the NOOK...

"This deal was nothing more than a rumor ... [Microsoft] has no intention of acquiring the NOOK unit. NOOK is closely integrated with Android ... The acquisition is not happening in the foreseeable future as Microsoft Corporation is assessing its options at this time." Thus speaks a Microsoft (MSFT) source to Insider Monkey, strongly refuting a TechCrunch report about an offer to buy Nook Media's digital assets for $1B. Barnes & Noble (BKS -14.1%) shares have plunged, but for now are still up 13% from where they stood prior to the report.
Comments (3)
  • gojimbr
    , contributor
    Comments (8) | Send Message
     
    It was such an unlikely rumor, it's astonishing that it moved the needle one way or another.
    13 May 2013, 02:09 PM Reply Like
  • ewmpsi
    , contributor
    Comments (1670) | Send Message
     
    Either way, I place no bet on a rumor:

     

    There are two rumors; one rumor has MSFT making a bid on content held by Nook; it materially moved the BKS shares +% higher. Now comes a rumor that the rumor is false, thus the BKS shares move materially lower -% based on what?...a leak by a MSFT source given to someone at INSIDER MONKEY!!!???

     

    I own MSFT and was neither bullish nor bearish on the rumor of a bid and Insider Monkey's "scoop" won't sway me either.
    13 May 2013, 03:39 PM Reply Like
  • ryerasi
    , contributor
    Comments (5) | Send Message
     
    It's interesting that Insider Monkey says they got the info from the MSFT source late Friday, but they chose to break the story mid-day Monday... That possibly could have given someone time to short the stock or buy puts.

     

    The timing could have also just been accidental, but the SEC should investigate this rumor mongering (both incidents) to ensure the integrity of our capital markets.
    14 May 2013, 12:13 AM Reply Like
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