Barnes & Noble (BKS) +8% premarket after Pearson (PSO) says it will invest $89.5M in Nook...

|About: Barnes & Noble Inc (BKS)|By:, SA News Editor

Barnes & Noble (BKS) +8% premarket after Pearson (PSO) says it will invest $89.5M in Nook Media in exchange for a 5% equity stake. BKS says the strategic investment "will accelerate customer access to digital content by pairing [Pearson's] leading expertise in online learning with Nook Media's expertise in online distribution." Following the transaction, BKS will own 78.2% of Nook: Microsoft will own 16.6%.