Liberty Media Offers to Buy B&N

L.J. Sellers · 05-19-2011, 10:27 PM

Liberty Media has offered to buy Barnes and Noble for $17 a share...with certain conditions. Last week, I commented that it might be time to buy B&N stock, and of course, I didn't, and the stock took a jump today on the news.

http://online.wsj.com/article/BT-CO-...19-718256.html

L.J.

SensualPoet · 05-19-2011, 10:37 PM

Wow. They should have made an offer a few months ago when it was trading under $10.

Liberty Media certainly has deep pockets and it could be just the right fit for the Riggio family and for the B&N brand.

ppw · 05-20-2011, 09:35 AM

Don't see it posted

http://blogs.wsj.com/deals/2011/05/2...ogle_news_blog

SlowRain · 05-20-2011, 10:02 AM

It's here: https://www.mobileread.com/forums/sho...d.php?t=133821

bwaldron · 05-20-2011, 02:42 PM

Quote:

Originally Posted by L.J. Sellers

Liberty Media has offered to buy Barnes and Noble for $17 a share...with certain conditions. Last week, I commented that it might be time to buy B&N stock, and of course, I didn't, and the stock took a jump today on the news.

http://online.wsj.com/article/BT-CO-...19-718256.html

L.J.

Unless you were going to sell immediately on this bump, I wouldn't at all feel bad about not buying BN stock.

SensualPoet · 05-20-2011, 03:22 PM

This seems to have shaped up into a legitimate bid and it's unlikely anyone else will come forward since the company had already been "for sale" for more than six months. Presumably, Liberty is impressed with the Nook progress to date and is 100% supportive of whatever B&N intends to show off next Tuesday, Nookwise. So, medium term, it looks like competition is thriving in ereaders in the US ... now, maybe, B&N will think of expanding outside the US?

fjtorres · 05-20-2011, 06:20 PM

Here's a bit of analysis:
http://www.msnbc.msn.com/id/43113929...s-us_business/

Two theories:
1- Liberty has the content, B&N has the Nook and the stores; Malone is going after Apple
2- B&N has a big share of the bookseller business that will grow once Borders kicks the bucket

markbot · 05-21-2011, 07:57 AM

I think the investment in B&N is more of a passive investment, although yes he wants 70%. There really aren't any synergies in marketing, products, and costs....perhaps on the managerial and finance side. Yes, maybe Nooks will be sold through Liberty's various web properties and at QVC, but they could have arranged for this anyhow.

05-19-2011, 10:27 PM	#1
L.J. Sellers Novelist Posts: 287 Karma: 387979 Join Date: May 2010 Location: Eugene, Oregon Device: Kindle	Liberty Media Offers to Buy B&N Liberty Media has offered to buy Barnes and Noble for $17 a share...with certain conditions. Last week, I commented that it might be time to buy B&N stock, and of course, I didn't, and the stock took a jump today on the news. http://online.wsj.com/article/BT-CO-...19-718256.html L.J.

05-20-2011, 09:35 AM	#3
ppw Connoisseur Posts: 92 Karma: 499180 Join Date: Jun 2010 Device: Kindle 3 wifi, Kindle DXG, iPad 3	B&N got bid offer Don't see it posted http://blogs.wsj.com/deals/2011/05/2...ogle_news_blog

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05-19-2011, 10:37 PM	#2
SensualPoet Wizard Posts: 2,302 Karma: 2607151 Join Date: Nov 2009 Location: Toronto Device: Kobo Aura HD, Kindle Paperwhite, Asus ZenPad 3, Kobo Glo	Wow. They should have made an offer a few months ago when it was trading under $10. Liberty Media certainly has deep pockets and it could be just the right fit for the Riggio family and for the B&N brand.

05-20-2011, 10:02 AM	#4
SlowRain Addict Posts: 311 Karma: 9553 Join Date: Feb 2010 Location: a Canadian expat in Taiwan Device: HTC 10, Asus Phonepad	It's here: https://www.mobileread.com/forums/sho...d.php?t=133821

05-20-2011, 03:22 PM	#6
SensualPoet Wizard Posts: 2,302 Karma: 2607151 Join Date: Nov 2009 Location: Toronto Device: Kobo Aura HD, Kindle Paperwhite, Asus ZenPad 3, Kobo Glo	This seems to have shaped up into a legitimate bid and it's unlikely anyone else will come forward since the company had already been "for sale" for more than six months. Presumably, Liberty is impressed with the Nook progress to date and is 100% supportive of whatever B&N intends to show off next Tuesday, Nookwise. So, medium term, it looks like competition is thriving in ereaders in the US ... now, maybe, B&N will think of expanding outside the US?

05-20-2011, 06:20 PM	#7
fjtorres Grand Sorcerer Posts: 11,732 Karma: 128354696 Join Date: May 2009 Location: 26 kly from Sgr A* Device: T100TA,PW2,PRS-T1,KT,FireHD 8.9,K2, PB360,BeBook One,Axim51v,TC1000	Here's a bit of analysis: http://www.msnbc.msn.com/id/43113929...s-us_business/ Two theories: 1- Liberty has the content, B&N has the Nook and the stores; Malone is going after Apple 2- B&N has a big share of the bookseller business that will grow once Borders kicks the bucket

05-21-2011, 07:57 AM	#8
markbot Guru Posts: 612 Karma: 7511929 Join Date: Apr 2007 Location: New York, NY Device: Amazon Kindle Paperwhite 2	I think the investment in B&N is more of a passive investment, although yes he wants 70%. There really aren't any synergies in marketing, products, and costs....perhaps on the managerial and finance side. Yes, maybe Nooks will be sold through Liberty's various web properties and at QVC, but they could have arranged for this anyhow.

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