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jhempel24 · 08-31-2010, 02:59 AM

While talking with a B&N rep, I asked about the sale, and here was the info that he gave me (it's actually based around e-Readers).

The reason for the sale, isn't really a sale, like alot of other articles, the owner and the others that started the company were rather upset about the whole "Kindle has 3 year head start" in the e-Reader business because of red tape, and the share holders being nervous about the eBook failure a few years go. They original people wanted to jump on it when Amazon did.

So they are essentially just trying to take it back and make it private again, and not a public company. They're not really trying to sell it to anyone, but just go back to being private in a round-about way.

Don't know if that's got any truth to it, but it seems like the main people are tired of the red tape of being public.

I don't know if that has been said on here before or not.

08-31-2010, 02:59 AM	#1
jhempel24 Wizard Posts: 2,157 Karma: 7068605 Join Date: Dec 2007 Device: Amazon Kindle Paperwhite, B&N Nook Colro	Info on the B&N Sale While talking with a B&N rep, I asked about the sale, and here was the info that he gave me (it's actually based around e-Readers). The reason for the sale, isn't really a sale, like alot of other articles, the owner and the others that started the company were rather upset about the whole "Kindle has 3 year head start" in the e-Reader business because of red tape, and the share holders being nervous about the eBook failure a few years go. They original people wanted to jump on it when Amazon did. So they are essentially just trying to take it back and make it private again, and not a public company. They're not really trying to sell it to anyone, but just go back to being private in a round-about way. Don't know if that's got any truth to it, but it seems like the main people are tired of the red tape of being public. I don't know if that has been said on here before or not.