MOUNTAIN VIEW, Calif., April 18 (UPI) -- Venture capitalists…
Barnes & Noble Inc. and Microsoft Corp. are teaming up to create a new Barnes & Noble subsidiary that will house the digital and college businesses of the bookseller and include a Nook application for Windows 8. The companies said Monday that they are exploring separating those businesses entirely. That could mean a stock offering, sale, or other deal could happen.
On April 18, 2012, Standard & Poor's Ratings Services assigned its 'B+' issue level rating (one notch higher than the corporate credit rating) to Washington, D.C.-based Blackboard Inc.'s proposed $60 million incremental term loan with a recovery rating of '2',indicating substantial (70%-90%) recovery of principal in the event of a payment default.
Instructure raises $8 million in Series B funding