nook media

Nook gets a step closer to in-app purchases

In-app purchasing will finally make its way to the Barnes & Noble Nook tablet.

Nook Media, the recently formed subsidiary of Barnes and Noble, announced the news today, saying that it's partnered with mobile-payment provider Fortumo to bring in-app payments to its line of Nook tablets. Fortumo will provide the tools to developers to integrate in-app purchases. The company's platform also includes real-time data on revenue and analytics.

For the customer, the experience of in-app payments should be similar to what they've found elsewhere. The platform will allow for one-click buying; simply clicking the "Pay" … Read more

Nook Media finalizes $89.5 million Pearson investment

Nook Media, the Barnes & Noble subsidiary that covers the bookseller's Nook line and accessories, has completed its investment deal with Pearson.

Barnes & Noble announced the deal last month. Pearson will invest $89.5 million into Nook Media and will receive a 5 percent stake in return. Pearson will have the option to acquire another 5 percent of Nook Media if certain unidentified conditions are met.

Pearson is now partners with Barnes & Noble and Microsoft. In April, Microsoft and Barnes & Noble announced a joint partnership that would see the software giant invest $300 million in the Nook unit. … Read more

Nook Media draws $89.5M Pearson investment

Barnes & Noble's Nook Media unit has pulled in a fresh cash infusion, this time from book publisher Pearson.

The two companies announced today that Pearson will invest $89.5 million in cash in Nook Media, the B&N subsidiary that oversees the Nook e-reader, tablets, and digital store. The transaction will give Pearson a 5 percent stake, valued at approximately $1.789 billion, according to Barnes & Noble.

When the deal is finalized, Barnes & Noble will own just over 78 percent of Nook Media, Microsoft will hold just under 17 percent, and Pearson will have the … Read more

Pay $7 to promote your Facebook status?

Thursday's CNET Update never forgets a face:

Today's tech news roundup begins with a look at Facebook. The network is testing a feature that lets you pay to get your posts seen by more friends. Facebook first began testing this concept in May and it's already in 20 other countries. But it's rolling out to some U.S. users now, and the idea is to pay to show off big news or get more attention to an event. Facebook hasn't set an official price for this, but CNET staffers with the feature are asked to … Read more