Liberty Media | The Bookseller

Liberty Media ends B&N bid

Publication Date: Fri, 19/08/2011 - 08:48

Liberty Media has ended its long-running takeover bid for Barnes & Noble, choosing instead to invest $204m into the bookseller.

With the investment, Liberty now holds 16.6% of the company's common stock. B&N chairman Len Riggio will continue to head up the bookseller.

He said: "This investment provides...

Barnes & Noble | Bookseller Staff | International | Liberty Media | Retail | Todays Picks | US
Digital surge fails to affect B&N bottom line

Publication Date: Tue, 21/06/2011 - 15:49

Barnes & Noble has announced a full year loss of $74m (£45.6m), despite a surge in digital sales lead by its Nook e-book reader helping it to report an all-time high in yearly sales of $7bn (£4.3bn).

Net income has collapsed at the US retailer, with it earning $36.7m (£22.6m) in its previous financial year. For...

Barnes & Noble | Graeme Neill | International | Liberty Media | Retail | Todays Picks
Liberty Media makes offer for Barnes & Noble

Publication Date: Fri, 20/05/2011 - 10:11

US bookseller Barnes & Noble has received an offer for the company from Liberty Media, a private investment group. The deal values the business at about $1bn, but Liberty said it expected to spend $500m on the acquisition of up to 70% of the group's shares.

The deal is contingent on the participation of the founding chairman...

Barnes & Noble | International | Len Riggio | Liberty Media | Philip Jones | Retail | Todays Picks | US