|Private Equity, 1/2012 |
|Private Equity, 12/2012 |
Nook Media spun out from Barnes & Noble in 2012. Nook Media is a subsidiary of Barnes & Noble.
Microsoft invested in early 2012 and owns 16.8% and Pearson at the end of 2012 owns a 5% stake.
The nook is an electronic book reader produced by Barnes & Noble and runs on the Android platform. The nook will compete with the Amazon Kindle, iPad, Google’s Nexus 7, Kobo, Sony Reader, and other readers. It is has Wi-Fi connectivity, a six inch E Ink display, and a separate, 7” and 9” color touchscreen that serves as the primary input device. The device also has a MicroSD slot for extra storage. Some nooks have a user replaceable battery and a memory card slot as well.