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(Image from article: "B&N Cuts Price on Nook")

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Barnes and Noble Nook spin-off talk proves off-key

Shares of Barnes and Noble plummeted Thursday following the company’s announcement that it will explore options to spin-off its Nook digital unit. Company stock had fallen over 20 percent in morning trading, a response to a company release that also disclosed that Barnes and Noble has lowered its yearly revenue guidance.

B&N Cuts Price on Nook

B&N cut the price of its Nook e-reader to $199 and unveiled a new W-Fi only model that costs $149, as the competition over electronic-book readers turns to a new battle front: price.

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