iVLG's weekly News Roundup provides business owners and entrepreneurs the latest news surrounding business and recent cases and legislation.
British Publisher to Purchase Share in Nook
Pearson, a British publisher and education company, made public its $89.5 million investment in Barnes & Noble’s Nook tablet. In exchange, Pearson will receive a 5% stake in the business. Barnes & Noble recently warned its shareholders that its e-reader business would fall short of its annual projections and that holiday sales are lower than expected.
In April, Microsoft invested $300 million in Nook. Together with Pearson’s investment, the Nook business is valued at $1.8 billion (more than Barnes & Noble’s entire market value of $913 million).
Porsche Wins Appeal; Hedge Fund ‘Short Squeeze’ Lawsuit Dismissed
In the long-running legal battle regarding Porsche’s takeover of Volkswagen, there is finally a bit of clarity. A New…