Liberty Media to invest $204 million in Barnes & Noble

Liberty Media to invest $204 million in Barnes & Noble eBookstore 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 (9945 Articles)
Nate Hoffelder is the founder and editor of The Digital Reader:He's here to chew bubble gum and fix broken websites, and he is all out of bubble gum. He has been blogging about indie authors since 2010 while learning new tech skills at the drop of a hat. He fixes author sites, and shares what he learns on The Digital Reader's blog. In his spare time, he fosters dogs for A Forever Home, a local rescue group.

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  1. B&N Reports Paper Book Sales Down, Digital Sales Up Last Quarter - The Digital Reader

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