Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > Pearson invests $89.5M in Barnes & Noble's Nook business

Pearson invests $89.5M in Barnes & Noble's Nook business
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Offline
Reply With Quote
Dec 28, 2012, 08:00 AM
 
British publisher Pearson has committed to an $89.5 million investment in Barnes & Noble's Nook Media subsidiary. The stock acquisition represents a five-percent stake in the Nook division, which will continue to be controlled by Barnes & Noble's 78.2-percent ownership.

"We formed NOOK Media to be a leader in the exploding market for digital content," said Barnes & Noble CEO William Lynch. "Pearson is a forward thinking company similarly focused on reading and learning, with powerful assets and a terrific management team." Pearson joins Microsoft in its Nook investment, after the latter company moved to acquire a 16.8-percent share in the digital distribution venture. Terms of the Pearson investment enable the British company to eventually double its stake in the Nook division. Barnes & Noble has worked to compete directly with Amazon's Kindle ecosystem, which has proven a top contender in the Android tablet arena. Both companies offer several tablets and e-readers, paired with competing distribution systems for digital content such as e-books, movies and music. "With this investment we have entered into a commercial agreement with NOOK Media that will allow our two companies to work closely together in order to create a more seamless and effective experience for students," said Pearson North America CEO Will Ethridge. The companies have yet to elaborate on specific details regarding their fledgling partnership.
     
cgc
Professional Poster
Join Date: Mar 2003
Location: Down by the river
Status: Offline
Reply With Quote
Dec 28, 2012, 08:12 AM
 
Great! The Nook's my favorite e-reader...good to see it get more support and money.
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 02:26 PM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2