Thread: Barnes & Noble Said to Be Likely to End Search Without Buyer
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Old 03-24-2011, 06:24 PM   #1
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Barnes & Noble Said to Be Likely to End Search Without Buyer
http://www.bloomberg.com/news/2011-0...ut-a-sale.html

Quote:
The chain, facing increasing competition as more people buy electronic readers such as Amazon.com Inc. (AMZN)’s Kindle, hired Lazard Ltd. last year to explore a possible sale. Barnes & Noble makes the Nook e-reader, and some potential bidders balked at a purchase because of how long it may take the chain to generate more digital sales, two of the people said.

A few private-equity funds determined Barnes & Noble is relatively unproven in digital sales and would have to compete in that area with companies such as Apple Inc., Amazon.com and Google Inc., said the two people.
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