Nook Media finalizes $89.5 million Pearson investment

The deal will see Pearson obtain a 5 percent stake in Nook Media, the division that handles Barnes & Noble's Nook operation.

The Nook Simple Touch with GlowLight.
The Nook Simple Touch with GlowLight. Sarah Tew/CNET

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 . Following the Pearson transaction, Microsoft owns 16.8 percent of Nook Media. Barnes & Noble holds 78.2 percent ownership.

With Pearson now a partner, Nook Media says that it will be able to improve "discovery of available digital content and services."

 

Join the discussion

Conversation powered by Livefyre

Don't Miss
Hot Products
Trending on CNET

HOT ON CNET

Delete your photos by mistake?

Whether you've deleted everything on your memory card or there's been a data corruption, here's a way to recover those photos.