Microsoft / Barnes and Noble have new partner for Nook Media

In October, Microsoft and Barnes and Noble stated that their previously announced partnership that would be the home to the Nook tablet and eReader business would be called Nook Media. Today, Barnes and Noble announced that Nook Media has a new investor that will slightly reduce Microsoft's stake in the company.

Today's press release reveals that UK-based learning company Pearson will put in $89.5 million in cash to obtain a five percent stake in Nook Media, with the option to buy an additional five percent of the company's stock; Barnes and Noble now controls 78.2 percent of Nook Media.

Microsoft put in $300 million earlier this year for its stake in Nook Media, which at the time was worth about 17.6 percent of the subsidiary. With today's move by Pearson, Microsoft's share of Nook Media has been cut down to 16.8 percent.

At the moment, Nook Media, which also includes the bookseller's college book division, is still a subsidiary of Barnes and Noble, although it's possible that it could be spun off into a separate company in the future; Barnes and Noble launched the Windows 8 Nook eReader and store app in November.

Source: Barnes and Noble | Image via Barnes and Noble

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8 Comments

And the Windows 8 Nook app still not in the UK, their book store is in $usd and they're selling the Nook readers in UK stores. I've got one here (simple touch), a bit of an annoyance but I do prefer it over the kindle readers (keyboard and fire).

If only they'd offer better support for the UK I could recommend them as a reader, instead I'm going to have to keep telling people to go for a kindle. Kobo devices are just too slow for their price range.

Slightly off-topic:
I don't fancy the "Nook" name.
I'd have loved to see it go, because it's similar to a German word "nuckeln" which means sucking at something like a pacifier or your thumb. lol

So yeah, when I hear Nook I always think of it as a baby item.

GS:mac

I have yet to buy into any of the book ecosystems because I am waiting to see what Microsoft's Native solution is going to be. I am already 'invested' in the Xbox ecosystem for Music, Videos and Games so I was hopeful that they would have Nook as their native solution. That doesn't seem to be the case as you can't log in with a Microsoft account to the Windows 8 Nook client.

I would much prefer that Microsoft actually state what it's plans were for what's going on with this whole Nook deal; are they eventually going to support the Nook product natively - or is this really just another investment for the company where they don't really add anything to their own services like their stake in Facebook.

Synikl said,
I would much prefer that Microsoft actually state what it's plans were for what's going on with this whole Nook deal; are they eventually going to support the Nook product natively - or is this really just another investment for the company where they don't really add anything to their own services like their stake in Facebook.

If they have something big planned, they don't want to make it easy for Amazon, Apple, Google, and others to catch-up in parity. Unfortunately, it's just going to be a waiting game. I'd give it a year from now to make a decision.

Hello,

I have both the Nook Color (8GB) and the Nook Tablet (16GB) and they are fantastic e-readers. I have found the IPS LCD screens in particular to be slightly nicer in the Nook than in their Amazon Kindle counterparts, although the mono speaker in the Nook makes using a headset mandatory for listening to music.

One big advantage the Nook has over the Kindle is a library of over 3M books in their store, compared with about 1M (I believe) for the Kindle's store. Also, B&N provides Nook owners with a free book (their choice) on Fridays. Usually, it's a bestseller by a mainstream author in a major category (fiction, mystery, romance, SF and so forth) but even if it's something you don't normally go for, it's a great way to get introduced to well-written stories in a new genre.

Right now, though, I am using a Google Nexus 7, because it can run both the Amazon Kindle and Nook apps, giving me access to both evosystems. I also use an e-reader app for books that I purchase from Baen, SmashWords and other e-book publishers.

Regards,

Aryeh Goretsky

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