Wednesday, May 25, 2011

Barnes & Noble Caught in a Wall Street Whirlwind - NYTimes.com

Check the link below for a financial history snapshot of B&N

Yet that alone doesn’t seem to be a compelling strategic reason for Liberty — primarily a cable company — to bid for Barnes & Noble. Perhaps Mr. Malone just thinks the company is a good investment opportunity, since it increasingly appears that Borders, its main competitor, will most likely be liquidated in bankruptcy.

In any case, the fate of Barnes & Noble appears to be no longer tied to a strategy or its business. Instead, it is caught in a deal whirlwind, at the mercies of Wall Street. Like other companies before it, Barnes & Noble is being pushed to complete a deal, any deal.

Barnes & Noble Caught in a Wall Street Whirlwind - NYTimes.com

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