UK publisher Pearson invests in Nook

Barnes & Noble’s Nook has slowly been making inroads into the UK market, selling its ereaders at grocery chain Sainsbury’s and through the bookstore chain Blackwells. Now it seems things are looking up for B&N with today’s announcement that UK publisher Pearson has bought a 5% stake in Nook Media for $89.5M. Previously, Microsoft had invested in Nook Media, which has been aggressively pursuing the academic market in the U.S., with Microsoft now owning a 16.8% share in the company. In the UK I expect to see B&N adopt the Read More …