Barnes & Noble buys back $27.7 million in Nook stock from Pearson

Barnes & Noble has paid Pearson $27.7 million in cash and stock to buy back its stake in the company’s Nook e-reader business, giving the bookseller chain full control over the Nook once again. The deal comes almost 3 weeks after Microsoft sold back its stake in the Nook business for a $185 million loss. The success of those transactions means that Barnes & Noble can now go ahead with its plans of spinning the Nook out into a separate public company.