Quote:
Originally Posted by fjtorres
...and who is going to throw big money at a damaged brand hemorrhaging customers and market share?
While the ebook business has doubled in the last two years or so, Nook revenues have dropped 80%, their peak ebook market share of 26% is down to maybe 8%, and the promised revamp of their online storefront, due last spring, is MIA.
And, this last week word has filtered out of missed (supplier) payments to some of their indie authors. Very probably a glitch but a disquieting one. Some of the authors are responding by pulling their titles and going Amazon exclusive, at least temporarily.
So, again, who is going to buy into that track record?
B&N may not want to sell low, but who is going to pay what they think it's worth?
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It looks like B&N paid $15.7 million for Fictionwise in 2009. Maybe the original owners of Finctionwise will buy the Nook business for $5.7 million.
