Thursday, June 26, 2014

Now That Barnes & Noble Ditched the Nook, Will It Sell Itself? - Businessweek

Vulture capitalists circling

"The Nook e-reader was once seen as Barnes & Noble’s (BKS) savior. Now it’s a castoff.

The book retailer said on Wednesday it would spin off the digital unit into a separate company after a prolonged sales decline during which Apple (AAPL) and Amazon (AMZN) demolished the company’s digital efforts. The move had long been expected, but investors cheered anyway, with Barnes & Noble shares surging 14 percent."
Now That Barnes & Noble Ditched the Nook, Will It Sell Itself? - Businessweek
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