|
Sorry, but the B&N rep is spinning you.
The sale is happening because of a feud between Leonard Riggio (chairman and largest stockholder of B&N) and Ronald Burkle, an investor who is trying to take over the company, kick out current management etc.
Riggio wants to take the company private, so he can get rid of Burkle.
I don't see much point in whining about getting into the ebook business late, especially since the Nook isn't as good as it should be given its time frame.
|