Liberty Media Buys Stake in Barnes & Noble

Media giant avoids full buyout

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Liberty Media said it would purchase a stake in Barnes & Noble for $204 million. The media giant was seen as a potential savior for the bookseller that went up for sale last year, but Liberty has declined to outright acquire the company.

Barnes & Noble’s stock price faltered yesterday as investors voiced concern that Liberty might not acquire the entire company. Liberty, on the other hand, had its own concerns earlier this summer when it began investigating the financial viability of a B&N takeover in an uncertain economic climate.

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