B&N may drop the Nook; chair Leonard Riggio considering buying bookstore chain

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B&N may drop the Nook; chair Leonard Riggio considering buying bookstore chain

Feb 25 2013

Leonard Riggio, Barnes & Noble's chairman and largest shareholder, with 30% of the company's common stock, is exploring the possibility of buying out B&N's bookstore chain.

Additionally, an unnamed source told the New York Times Barnes & Noble is considering a move away from engineering and building devices and toward a focus on licensing content to other device makers.

"They are not completely getting out of the hardware business, but they are going to lean a lot more on the comprehensive digital catalog of content," said this person, who asked not to be identified.

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