Pearson Investment in Nook Media Closes
Publishing company Pearson’s $89.5 million cash investment in Barnes & Noble’s NOOK Media has been completed. Barnes & Noble announced the investment last month. With the investment, Nook Media is now valued at about $1.789 billion, and Pearson maintains a 5 percent equity stake in the business.
Here is more from the press release: “Following the closing of the transaction, Barnes & Noble now owns approximately 78.2% of the NOOK Media subsidiary and Microsoft, which also holds preferred membership interests, owns approximately 16.8%.
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