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Pearson Invests In Microsoft-Barnes & Noble JV NOOK Media: ". . . The strategic investment deal will see Pearson gain a 5 percent stake in the new firm, which operates all of Barnes & Noble’s digital businesses, including its NOOK e-reader and tablets, digital bookstore and its 674 college bookstores across America. . . . What you won’t find in the press release announcing the Pearson investment, but will find in the related 8-K document filed with the SEC today: Barnes & Noble expects holiday 2012 sales results to come in below expectations, and that the Nook business “will not meet the company’s prior projection for FY [Fiscal Year] 2013.”. . . When the Pearson transaction closes, Barnes & Noble will own approximately 78.2 percent of NOOK Media, while Microsoft will own approximately 16.8 percent. . . . Pearson’s business can be split into three main groups: Education, which includes the company’s digital learning and education publishing offerings, Financial Times Group and consumer publishing unit Penguin Group. . . also . . . a 50% stake in the Economist Group."
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