Barnes & Noble Board Mulls Sale
Since Amazon introduced the $139 Kindle, we’ve been expecting a price drop on the Nook. Instead, Barnes & Noble’s board of directors said today that they are considering selling the company.
GalleyCat reports: “Founder Leonard Riggio has expressed interest in assembling a group of investors to buy the bookseller. The board was disappointed in what they saw as the company’s ‘significantly undervalued’ stock, and nominated a special committee for ‘evaluating strategic alternatives.'”
GalleyCat also pointed out that the rumor of sale made stock prices go up.
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