Nook Media - AppNewser http://www.mediabistro.com/appnewser App News and Reviews. What to Use? How to Build? Copyright 2013 Wed, 19 Jun 2013 22:44:17 +0000 http://blogs.law.harvard.edu/tech/rss http://wordpress.org/?v=3.4.1 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%. Subject to certain conditions, Pearson will earn the option to purchase up to an additional five percent ownership in NOOK Media.”

“We look forward to working with Pearson, a valued partner of ours for many years, in developing new ways to improve and enhance digital learning for students,” stated William Lynch, CEO of Barnes & Noble.

 

New Career Opportunities Daily: The best jobs in media.

]]> Dianna Dilworth http://www.mediabistro.com/appnewser/pearson-investment-in-nook-media-closes_b31430#disqus_thread http://www.mediabistro.com/appnewser/pearson-investment-in-nook-media-closes_b31430 http://www.mediabistro.com/appnewser/?p=31430 Wed, 23 Jan 2013 11:37:22 +0000