Friday, May 20, 2011

Business & Technology | Barnes & Noble reports $1B bid from Liberty Media | Seattle Times Newspaper

Not dead yet; Borders Group, Inc., in contrast, has a current market cap of ~$16.5M

Barnes & Noble Inc., the nation's largest traditional book seller, said Thursday that Liberty Media Corp. has offered to buy it a deal valued at about $1 billion.

The bid of $17 a share in cash from the conglomerate chaired by billionaire media mogul John Malone sent Barnes & Noble's stock surging more than 24 percent in extended trading after the company announced the potential deal.

Business & Technology | Barnes & Noble reports $1B bid from Liberty Media | Seattle Times Newspaper

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