Pearson Invests $89.5M in Nook Media
Publishing company Pearson has agreed to invest $89.5 million in cash in Barnes & Noble’s digital content company Nook Media. Nook Media is currently valued at about $1.789 billion, which gives Pearson a 5 percent equity stake in the business. Pearson brings expertise in online learning and digital content to the table.
Here is more from a Barnes & Noble press release: “Following the closing of the transaction, Barnes & Noble will now own approximately 78.2%
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