Barnes & Noble Inc. (BKS) announced Friday morning that Pearson (PSO) has agreed to make a strategic investment of $89.5 million in cash in NOOK Media LLC, in exchange for preferred membership interests representing 5% equity stake.
Barnes & Noble gapped up Friday and rose during the first half hour of trade, before settling into a range. Shares finished up by 0.62 at $14.97 on above average volume. The stock rebounded off of the lower end of a 2 1/2 month trading range.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.