It’s a new—wait for it—chapter for bookseller Barnes & Noble, which will be acquired by U.K. investment firm Elliott Advisors in an all-cash deal worth $683 million.
Barnes & Noble joins a portfolio that also includes U.K. bookseller Waterstones, which Elliott acquired in June 2018. The brands will operate independently, but Waterstones CEO James Daunt will take over as CEO of Barnes & Noble as well, and a release noted the booksellers will “benefit from the sharing of best practice.”
Elliott
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