Dwyer, Colin. (June 7, 2019). "
Barnes & Noble Set To Be Sold To Elliott Management For About $683 Million". NPR News.
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The move marks Elliott's second major splash in the world of books in the span of a year. Last June the New York-based hedge fund acquired Waterstones, which, with more than 280 bookshops, is the largest retail bookseller in the U.K.
Now, Elliott is set to own the largest bookseller in the U.S., too.
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Elliott was careful to note that "each bookseller will operate independently" — but added that "they will share a common CEO and benefit from the sharing of best practice between the companies." That CEO is James Daunt, the British-born chief of Waterstones, who plans to head up both companies from New York City.
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