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Barnes & Noble Targeted for Takeover by Investment Firm

by Sean P. Aune | February 21, 2014February 21, 2014 7:00 pm PST

Barnes & Noble store

Barnes & Noble may soon find itself under new ownership if an investment firm finds enough good news on the company’s balance sheet.

G Asset Management has announced that it is willing to offer $22 a share to purchase 51 percent of brick and mortar retailer Barnes & Noble, inclusive of its Nook e-reader and tablet business. If it can only go after the Nook brand, than it would be willing to offer $5 a share for 51 percent of the division. On the back of this news, shares in the book seller closed out the day up 5.92 percent, or 91 cents, to end the week at $17.69.

Barnes & Noble confirms that it has received the offer, but offered no further comment on the matter.

This is the second time that G Asset Management has made an offer for the company, the first transpiring in Nov. 2013 when it offered $20 a share. At the time it suggested that the Nook division should be spun off into its own venture away from the retail and college bookstore divisions due to it being unprofitable. It apparently still feels that way, so should this acquisition be successful and GAM obtain the controlling percentage of the business, it is likely we would see the Nook spun out of the parent company.

This new offer is contingent on the company being able to obtain financing, pursuing the standard due diligence and an assessment of the retailer’s credit.

Barnes & Noble will release its latest quarterly financials next week which should give everyone a better idea if this purchase will go through.


Sean P. Aune

Sean P. Aune has been a professional technology blogger since July 2007, but his love of tech dates back to at least 1976 when his parents bought...