Pearson to Invest $89.5 Million in Barnes & Noble’s Nook Media

Wall Street Journal – MELODIE WARNER

28-Dec

Publishing and education company Pearson PLC agreed to invest $89.5 million for a 5% stake in Barnes & Noble Inc.’s digital-business unit, Nook Media LLC. Bookstore operator Barnes & Noble will now own 78.2% of Nook Media, and Microsoft Corp., which made a $300 million investment earlier this year, will own 16.8%. Barnes & Noble said the investment will improve customer access to digital content by pairing Pearson’s online-learning expertise with Nook Media’s digital content and services.

http://online.wsj.com/article/SB10001424127887323984704578207340787947704.html#printMode

Press release: http://finance.yahoo.com/news/nook-media-announces-strategic-investment-135100705.html