Pearson Barnes Noble Investment

Pearson invests $89.5 million in Barnes & Noble’s NOOK Media business

By on December 28, 2012 at 11:00 PM.

Pearson invests $89.5 million in Barnes & Noble’s NOOK Media business

Barnes & Nobles (BKS) announced on Friday that Pearson (PSO) will invest $89.5 million in cash in its NOOK Media business, giving the company a 5% equity stake. Earlier this year, Microsoft (MSFT) dropped $300 million for a 17.6% stake in NOOK Media. Pearson’s investment now leaves Barnes & Noble with 78.2% of the company while Microsoft holds a 16.8% stake. More →

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