Posted by: anitanolan | January 1, 2013

Pearson Buys Stake in Nook Media

Educational publisher Pearson is taking a five percent stake in Nook Media to help secure an e-book distribution method for its books.

From Paid Content:

Barnes & Noble and Microsoft welcome Pearson to the Nook Media table as the education publisher lays down $89.5 million to help secure distribution. But Nook is already set to miss targets set during its recent spin-out.

Read the story here.

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