Houma, United States
Nook Media, **founded in 2009**, spun out from Barnes & Noble as a subsidiary in 2012. The company attracted significant investments in its early years, with **Microsoft obtaining a 16.8% stake** through an investment in early 2012 and **Pearson acquiring a 5% stake** by the end of that year. The startup operates in the **mobile industry** and specializes in electronic book reader technology, with a focus on competing with major players such as Amazon Kindle and iPad.
The Nook, developed by Barnes & Noble, operates on the Android platform and offers features like Wi-Fi connectivity, a six-inch E Ink display, and separate 7" and 9" color touchscreens. The device also includes a MicroSD slot for extra storage, with certain models offering a user-replaceable battery and memory card slot. In December 2012, the company secured a notable **$89.50MCorporate Round investment**, with **Pearson** being the key investor in this funding round.
Overall, Nook Media's strategic partnerships and investments from industry giants like Microsoft and Pearson position the company for continued growth and innovation in the competitive electronic book reader market.
