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Barnes & Noble Buys Pearson’s Stake in Nook E-Reader Unit

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Barnes & Noble Inc., the largest U.S. bookstore chain, bought back Pearson Plc’s stake in its Nook Media e-reader division for about $28 million, giving it complete ownership of the business.

Pearson’s stake was purchased for $13.8 million and about 603,000 shares of common stock, New York-based Barnes & Noble said in a regulatory filing today.