Barnes & Noble Announces $139 "All-New Nook"

Barnes & Noble is launching a lighter, slimmer, cheaper version of its e-reader, called the All-New Nook, for $139 — the same price as the cheapest Kindle from rival Amazon.

Available June 10, the device 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.

The lower pricing is a sign Barnes & Noble is ready to compete on price, but they are yet to compete with Amazon's Kindle Store.