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Barnes & Noble holiday sales miss, sells 5% stake in Nook
New York City -- Barnes & Noble reported Friday that its holiday sales will likely miss internal projections as its Nook e-reader performed worse than expected during the holiday selling period.
The book seller also disclosed on Friday an investment by London-based media and education company Pearson of $89.5 million in cash in the e-reader subsidiary, representing a 5% equity stake.
Pearson joins Microsoft Inc. as an investor in the Nook subsidiary.
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Dollar General gets into online gaming
ATLANTA — Dollar General is teaming up with InComm, a prepaid product and transaction services provider, to make life easier for online gamers.
Dollar General will offer Microsoft Xbox LIVE via PIN-on-receipt delivery across its network of more than 10,000 stores, making it easier for consumers to purchase Xbox LIVE points and Xbox LIVE Gold Memberships directly at the register, through InComm's recently launched Digital Delivery Application.