When hardcover sales began to dwindle a few years ago, there was talk that Barnes and Noble would either sell or swallow up a major competitor.
The possibility of the sale of B&N comes as a surprise since they recently ramped up their digital book sales by opening an ebook store with more than a million titles and launching the ebook reader, The Nook, the most formidable competitor to the Kindle.
Have any idea who would buy B&N? I would not be surprised if it were Amazon. What do you think?
From Book Business magazine – Aug. 4, 2010
A “for sale” sign may soon be hanging in the window of bookstore giant Barnes & Noble Inc., the company announced today.
According to a press release issued this morning, Barnes & Noble’s Board of Directors “intends to evaluate strategic alternatives, including a possible sale of the company, in order to increase stockholder value. The Board came to this decision based on the price of Barnes & Noble shares in the marketplace, which the Board believes are now significantly undervalued.” >more
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