NEW YORK, December 28, 2012: Pearson, the world's leading learning company, is today announcing a strategic investment in NOOK Media, LLC, a new company consisting of Barnes & Noble's digital businesses including its NOOK e-reader and tablets, the NOOK digital bookstore and its 674 college bookstores across America. Pearson will invest $89.5 million in cash in NOOK Media, gaining a five per cent equity stake.
Morgan, Lewis & Bockius LLP served as legal adviser to Pearson on the transaction. The Morgan Lewis deal team was led by Business and Finance partner Robert Dickey and included Business and Finance associate David Tsin and Tax partner Richard Zarin.
For further information about the transaction, please see the Pearson press release.