Barnes & Noble Buying Bertelsmann’s Dot-Com Stake


Barnes & Noble, the top U.S. books retailer, will pay $164 million to buy a stake that German media firm Bertelsmann has decided to sell, in its online subsidiary

Rising competition pressured as continued to increase its lead on Internet book selling. Even so, Barnes & Noble said in a statement that remains on track to produce positive cash flow in the fourth-quarter, as well as for 2004.

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