Barnes & Noble gets Large Investor

L. McMaken
8-25-11
Cincinnati, OH

Liberty Media, owner of QVC, Provide Commerce, Backcountry.com, Celebrate Interactive, Bodybuilding.com. Evite and Expedia has just invested $204 million in Barnes & Noble. The media firm had originally moved to purchase B&N for nearly $1 billion, but as the deal faltered, they instead bought $204 million in preferred stock.

In a statement regarding the investment, Liberty Media said, “Under the terms of the strategic investment, Liberty purchased preferred stock, convertible into approximately 12 million shares or 16.6% of the Company’s common stock at a price of $17 per share, and with a dividend rate of 7.75% per annum to be paid quarterly. The investment, which was approved by Barnes & Noble’s board of directors following recommendation made by its Special Committee.

 

 

Similar Articles

Comments

FOLLOW US

2,024FansLike
3,238FollowersFollow
10,300SubscribersSubscribe

Recent Book Trailers

Instagram

Advertisment

Don't Miss

SNEAK PEEK: DRAGON FIRE BY TED BELL

0
DRAGON FIRE BY TED BELL Alex Hawke, British lord and gentleman spy, is looking for the Queen’s missing grandson, whose disappearance may be the culmination...

WANTED: J.R.R. Tolkien Super Fans!

0
Can you quote passages from books? Do you relate to hobbits? Could you win big money at a Lord of The Rings trivia night?...

SNEAK PEEK: THE OTHER SIDE OF SUCCESS BY MARTIN SAWA

0
April Special Feature - Memoirs THE OTHER SIDE OF SUCCESS BY MARTIN SAWA  He chased the American Dream. Did his cutthroat journey break him… or see...

Do You AudioBook?

0
If you love listening to audiobooks, we have a video for you. Did you know you can link your audio Audible Books and your...

SNEAK PEEK: BURN SCARS by EDDIE GENEROUS

0
BURN SCARS by EDDIE GENEROUS Rusty Talbot, down on his luck, not very smart, and trying to get his life together, discovers that as bad...

National Poetry Month, Sign Up for Knopf’s “Poem a Day”

0
The Academy of American Poets officially designated April as National Poetry Month beginning in 1996. This annual celebration highlights the extraordinary legacy and ongoing achievement of American poets...

SNEAK PEEK:: FLAMES OF SILVER BY RALPH COMPTON

0
FLAMES OF SILVER BY RALPH COMPTON A fireman must save his town from devastation in this scorching new installment of Ralph Compton’s bestselling Sundown Riders...

There’s a Book for That: Autism Acceptance Month

0
“Autistic is not a swear word. It is a beautiful word, a name for an identity that represents an entire group of people who are...

Mysteries to Avoid Spring Cleaning

0
Fresh Brewed Murder - A Ground Rules Mystery #1 by Emmeline Duncan Master barista Sage Caplin is opening a new coffee cart in Portland, Oregon, but a killer...

PODCAST::: Sports, romance, and writing with author Tracy Solheim

0
Sports, romance, and writing with author Tracy Solheim LISTEN HERE!! Tracy Solheim's creative writing career began in the 4th grade when she published her first book. It was a bestseller–mainly because her dad...