In the company of women barnes and noble

Meanwhile, LibertyвЂ™s investors seemed baffled by the bid. 1 bookseller in the U.S, with 705 stores and 623 college outlets, it has had to shutter stores recently and faces increasing competition from the likes of Amazon. Riggio said last summer that the retail chain was for sale. Barnes & Noble shares traded higher by nearly 30%, up $4.25 to $18.36, above MaloneвЂ™s offer price. On Friday, reaction on Wall Street was mixed.

And the fact that the Nook Color is being snatched up as quickly as B&N can make it is good evidence that the business has strong prospects in new directions like web apps and even video.вЂќ вЂњThe real value of B&N right now is the ascent of its Nook platform, which is turning out to be a very solid foundation for building a digital media relationship with millions of consumers. вЂњItвЂ™s absolutely a play for the Nook,вЂќ said James McQuivey, an analyst at Forrester Research. MaloneвЂ™s offer comes just days before Barnes & Noble is preparing to introduce a new version of the Nook, which is expected to be less of an e-reader solely and become more tablet-like with apps and video. Part of the offer stipulates that Barnes & Noble CEO Len Riggio maintain his 30% stake in the company, and continue to play a management role. In a bid unveiled late Thursday, Liberty is offering about $1 billion, or $17 a share, for a 70% stake in Barnes & Noble, a bid that represented a 20% premium to the companyвЂ™s closing price Thursday.

In the company of women barnes and noble