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The Boston Globe

Business

Pearson taking 5 percent stake in Nook business

LONDON — Pearson, the UK publisher and education company, is to take a 5 percent stake in Barnes & Noble’s Nook e-reader as technology companies seek new inroads into the potentially lucrative business of digital textbooks for schools.

Pearson PLC will pay $89.5 million cash for a 5 percent stake in Nook Media LLC, which includes the bookseller’s e-reader and tablets, its digital bookstore, and its 674 stores serving US colleges. Barnes & Noble will hold 78.2 percent of the business and Microsoft will have about 16.8 percent, the company said Friday.

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