Nook Media Takes $89.5M From Pearson, Says Holiday Sales Fell Below Expectations

Nook Media, the Barnes & Noble subsidiary that handles Nook e-readers and digital content, announced today that education publisher Pearson has invested $89.5 million, giving it a 5 percent stake in the company. Nook Media spun out from Barnes & Noble?earlier this.?B&N owns 78.2 percent , while Microsoft (which made a big investment aimed at ?bringing Nook content to Windows 8 devices) owns 16.8 percent, according to the press release. The deal gives the company a post-money valuation of $1.789 billion.

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