Barnes & Noble plans to take its money-losing online bookstore unit private, buying all shares it does not already own in Barnes&Noble.com for about $115 million.
It is offering to pay $2.50 a share for each share of the online store, which has struggled to make headway amid competition fanned by arch rival Amazon.com…According to recent results statements, Barnes & Noble.com has managed to post a sequential improvement in sales, while cutting operating expenses.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post