Aug 19 2011
Liberty Media are to invest $204 million into Barnes & Noble, forgoing earlier plans to buy the company outright. Under the terms of the deal, Liberty will buy 12 million shares – or 16.6% of the company – at a price of $17 per share. The deal comes three months after Liberty offered to buy 70% of the bookseller. Facing pressure from some shareholders, Barnes & Noble put itself up for sale last summer but failed to find a buyer until Liberty stepped up to the plate.
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