From Shelf Awareness Pro:
Pearson is buying 5% of Nook Media, the subsidiary of Barnes & Noble that includes the company’s digital and college store businesses, an investment of $89.5 million in cash. Last April, Nook Media was set up when Microsoft made a $300 million investment. Following the Pearson transaction, B&N will own 78.2% of Nook Media and Microsoft will own 16.8%. Under the terms of the agreement, Pearson has the option of buying another 5% stake in Nook Media.
Last year, Pearson, which is focusing on its education business, agreed to a merger of its Penguin Group operations with Random House, under which Bertelsmann will have a 53% stake in Penguin Random House.
. . . .
Will Ethridge, Pearson North America CEO, said the deal allows “our two companies to work closely together in order to create a more seamless and effective experience for students. It is another example of our strategy of making our content and services broadly available to students and faculty through a wide range of distribution partners.”
Link to the rest at Shelf Awareness Pro