Immersion to invest in Barnes & Noble Education.

Immersion, a developer and licensor of touch feedback technology, agreed to invest in Barnes & Noble Education, an operator of college bookstores. Financial terms were not disclosed. “Today’s announcement marks a significant milestone in our strategic review process and, we believe, represents the best path forward for our shareholders, employees and the students, institutions, alumni, fans, and communities we serve. BNED is a critical part of the education ecosystem, and we are confident that this transaction will allow us to grow our business profitably as we enhance our market leading offerings and build on the strong momentum of First Day and our other key programs,” Michael Huseby, BNED CEO.