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Pearson Invests In Nook

Posted at 6:10PM Monday 31 Dec 2012

Nook Media—the entity formed in 2012 that owns Barnes & Noble's Nook business and their college bookstores—has its second major strategic investor, joining Microsoft: As of December 21 Pearson agreed to invest $89.5 in cash for a 5 percent equity stake. The bookseller paired an announcement about that investment with a preview of holiday sales that indicates "results will be below expectations" and Nook in particular will not meet their previous projections for the fiscal year.

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