NOOK Media Announces the Completion of Strategic
Investment by Pearson Business Wire NEW YORK & LONDON -- January 23,
2013 NOOK Media, LLC, a subsidiary of
Barnes & Noble, Inc. (NYSE: BKS), the leading retailer of content, digital
media and educational products, today announced the completion of their
previously announced investment by Pearson (NYSE:PSO), the world’s leading
learning company. Pearson made its approximately $89.5 million in cash
investment in NOOK Media, LLC at a post-money valuation of approximately $1.789
billion in exchange for preferred membership interests representing a 5% equity
stake.
