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Pearson purchases stake in Barnes & Noble’s Nook

Wednesday, 9 January 2013    Books+Publishing
@booksandpublishing

Pearson has invested US$89.5 million (approximately A$85 million) in US bookseller Barnes & Noble’s ebook device and retail brand Nook Media ‘in order to gain favourable distribution for its education books’, reports paidContent. The publication reports that Pearson has purchased a five percent stake in the business after new equity was...

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Category: International news