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Pearson Buying Stake In Nook Media
- Computer Business Review , Tuesday, January 1, 2013 1:39 PM
The British publishing and education company has agreed to acquire 5% stake in Nook Media, a subsidiary of Barnes & Noble, for $89.5 million. Upon completion of the transaction, Barnes & Noble will now own about 78.2% of the Nook Media, while Microsoft, which also holds preferred membership interests, will own around 16.8%. The transaction will enable Nook to improve the discovery of available digital content and services.
