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.
B&N Reports Paper Book Sales Down, Digital Sales Up Last Quarter – The Digital Reader December 1, 2011 um 9:21 am
[…] is doing better than last year, but they’re still losing money. Lucky for them they have that $204 million capital investment from Liberty Media. That should be enough to cover them for the next couple years, or until they […]