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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.

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[…] 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 […]

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