- Associated Press - Tuesday, May 24, 2011

NEW YORK (AP) - Barnes & Noble is launching a lighter, slimmer, cheaper version of its e-reader for $139, showing it is ready compete on pricing with rivals Amazon and Borders.

Available June 10, the device known as the All-New Nook features a 6-inch touch screen and can hold up to 1,000 digital books.

Barnes & Noble Inc. said Tuesday that the latest Nook lets readers look up words, highlight passages, search and adjust font size by typing on an on-screen keyboard. It says the device weighs 7.5 ounces and is 35 percent lighter than the first Nook. The iPad 2 is nearly three times heavier at 1.3 pounds.

Borders and its Kobo partner are taking preorders for a $130 device. Amazon’s cheapest Kindle is $114, but it comes with ads.

(This version CORRECTS that cheapest Kindle price is $114 with ads.)

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