Pearson Invests In Nook Media and 3 Hot Stocks to Consider

Pearson (NYSE:PSO), the world’s leading learning company, is making a strategic investment in Nook Media LLC, a subsidiary of Barnes & Noble Inc (NYSE:BKS). It will pay $89.5 million in cash at a post-money valuation of about $1.789 billion in exchange for a preferred membership interest of about 5% of equity. The agreement “will allow our two companies to work closely together in order to create a more seamless and effective experience for students,” said Will Ethridge, CEO of Pearson North America.

Here’s another angle to rumours constantly swirling around Chinese internet biggie Alibaba Group’s IPO. A report yesterday claimed the group was planning to float its IPO late 2013 or early 2014, but according to allthingsd.com, Alibaba would be better off scheduling the IPO around the end of 2015. The reason? Incentives built into the recent stock buyback transaction with major shareholder Yahoo! (NASDAQ:YHOO). Considering it has just raised capital from investors such as Silver Lake, DST Global, Temasek and Yunfeng Fund, Alibaba may not be in a hurry to implement a share offering.

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Windows 8 (NASDAQ:MSFT) is rapidly growing its apps ecosystem. At the current rate of 415 apps being added per day, Windows 8 will likely reach the 50,000 apps landmark by February 1, according to data from tracking website MetroStores Scanner. Microsoft should be pleased with the heightened developer activity – together with sales of 40 million licenses for the new operating system, it should ensure good prospects for 2013.

Burger King Worldwide Inc (NYSE:BKW) announces a new joint-venture in Central America with Beboca Ltd, a long-standing Burger King franchisee. The first of its kind globally, a new vehicle named BK Centro America, will acquire the master franchisee rights of 178 restaurants across a number of Central American countries and be responsible for aggressive development of the Burger King brand in these countries.

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