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Some deal. The stock closed today at $12; Liberty agreed to paid $17 for fresh shares ... but, wait ... not common shares ... shares that carry a preferred dividend of 7.75% ... meaning they earn 7.75% of their money annually AND own almost 17% of the company. It also buys Liberty Media two directors on the board which is two more than Ron Burkle, who wanted three directors and has zero even though his group owns 20% of the company (slightly diluted as of this new investment).
It's good for B&N in medium term, however, because it gets $204 million in cash added to the corporate treasury and that can help fund some serious Nook development / expansion.
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