[tas03]

I wasn't sure whether to post this in News or in the B&N forum, but Axios.com is reporting in an article entitled The Last Big Bookstore this: "B&N announced yesterday that, after hearing acquisition interest from several parties, it has initiated a strategic review toward possibly selling itself to stay afloat. One bidder is founder Len Riggio, who owns 19% of the company but says he will follow the recommendation of an independent board appointed to handle the review. B&N's beleaguered shares soared as much as 21% on the news....For 14 years, B&N managed to hang on. But, after closing 90 of its 720 locations in the past seven years, often leaving areas of hundreds of thousands of people without a single major bookstore, it appears prepared to call it quits."