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Liberty Media makes Offer to buy Barnes & Noble for $1 Billion

May 19 2011, 11:44pm CDT | by

Liberty Media Corp. made an offer to acquire B&N for $1.02 billion.

Liberty Media makes Offer to buy Barnes & Noble for $1 Billion
 
 

Barnes & Noble has been seeking a buyer since last summer. Now they might have found one. According to the Wall Street Journal, Liberty Media made an offer of $1.02 billion to buy the book seller. This is a 20% premium over the current share price. Barnes & Noble is struggling financially with a debt of $450 million. Although the company did make a positive impression with their Android based nook eBook Reader with gadget fans.

Actually a new nook is scheduled to be released next week. The new nook is expected to be close to a full fledged tablet. Whether or not the Liberty Media deal will have any impact on the nook announcement remains to be seen. B&N is supposed to be reviewing the offer now.

Liberty Media has interests across a wide range of businesses including QVC, Expedia, Starz and more.

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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