Liberty Media to invest $204 million in Barnes & Noble

The courtship has ended and it looks like B&N will indeed be going home with their suitor. Liberty Media have announced today that they will buy $204,000,000 worth of stock from B&N as part of their plan to invest in the struggling bookseller.

That's rather curious investment for LM; they had previously talked about spending a billion or more to buy B&N outright. On the other hand it is a very good deal for B&N's other investors; they got money to fix a leaky boat and someone to help them do it.

The boat might still sink, but then again it already was sinking. That's why it was for sale.

About Nate Hoffelder (11579 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:"I've been into reading ebooks since forever, but I only got my first ereader in July 2007. Everything quickly spiraled out of control from there. Before I started this blog in January 2010 I covered ebooks, ebook readers, and digital publishing for about 2 years as a part of MobileRead Forums. It's a great community, and being a member is a joy. But I thought I could make something out of how I covered the news for MobileRead, so I started this blog."

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