Barnes & Noble Taking Dot-Com Unit Private

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.

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