Nine months after Barnes & Noble put itself up for auction, Liberty Media made a bid for the retail bookstore chain. John Malone’s Liberty Media offered $17 per share for a 70 percent stake in the company, making the potential deal worth over $1 billion. Although the pairing of a media conglomerate and a chain of print bookstores might seem unlikely, the deal is not completely far-fetched. Barnes & Noble is using its Nook, an e-book reader, to break into the digital book world. Amazon’s Kindle is the leader in e-books and readers, but the Nook is competitive.
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Nook Lust Drives Liberty Media to Court Barnes & Noble
Posted by: Rachelle Dragani May 23, 2011 02:19 PMNine months after Barnes & Noble put itself up for auction, Liberty Media made a bid for the retail bookstore chain. John Malone’s Liberty Media offered $17 per share for a 70 percent stake in the company, making the potential deal worth over $1 billion. Although the pairing of a media conglomerate and a chain of print bookstores might seem unlikely, the deal is not completely far-fetched. Barnes & Noble is using its Nook, an e-book reader, to break into the digital book world. Amazon’s Kindle is the leader in e-books and readers, but the Nook is competitive.