Liberty Media Makes Offer To Buy Barnes & Noble For $1 Billion

Posted: May 19 2011, 11:44pm CDT | by , Updated: May 24 2011, 10:37pm CDT , in Technology News


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

Liberty Media Corp. made an offer to acquire B&N for $1.02 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>
Manfred "Luigi" Lugmayr () is the founding Chief Editor of I4U News and brings over 25 years experience in the technology field to the ever evolving and exciting world of gadgets, tech and online shopping. He started I4U News back in 2000 and evolved it into vibrant technology news and tech and toy shopping hub.
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