Posted on June 7, 2019 at 9:26 AM by Sadye Scott-Hainchek
Barnes & Noble should soon have a new owner.
CNBC reports that activist firm Elliott Management has officially announced its plans to buy B&N for about $683 million, including debt.
It won’t be the firm’s first bookstore chain acquisition — last year, Elliott purchased Britain’s biggest bookseller, Waterstones.
The Digital Reader speculates that Elliott, assuming the deal goes through, will sell off the Nook division, probably to Kobo.
Categories: Today in Books