By Courtney Duggan • March 09 2015
"Barnes & Noble Inc. said Monday that it has invested in study-material business Flashnotes Inc., a move that will expand its college bookstore business before it is spun off into a separate publicly-traded company later this year.
Flashnotes.com, which was founded in 2010, allows college students to sell and buy student-created material like study guides, notes and flashcards. Barnes & Noble BKS, +0.24% said it will promote the site at its partner schools and on digital platforms.
Barnes & Noble’s investment, for which financial terms weren’t disclosed, comes after the company announced plans last month to separate its college business by the end of August. In a securities filing last month, Barnes & Noble said the business would be looking to grow through acquisitions or mergers and would be on the hunt to raise capital and form strategic alliances."
Check out the whole article over at Market Watch.