From The New York Times:
Barnes & Noble said on Tuesday that it had reached an agreementto buy back Pearson’s stake in the booksellers’s struggling e-book business, Nook Media, for nearly $28 million.
The company said that it would pay $13.75 million in cash and 602,927 shares of Barnes & Noble’s common stock. The move follows an exit by Microsoft from Nook earlier this month. Barnes & Noble bought out the software giant’s stake for about $120 million.
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The company is planning to split into companies, one with Nook and its college bookstores and another consisting of the retail stores and website, by the end of August.
Link to the rest at The New York Times