Investors circle Barnes & Noble as it plans Nook spin-off
Barnes & Noble has had a troubled few years. Part of the problem is that it continues to be a tablet business with a chain of bookshops connected to it rather than the other way around – with the tablet and ebook reader business growing at a savage pace, while the bookshop dawdles. But it clearly needs a new owner, and to that extent the financial vultures are circling – and a particularly clever and ruthless vulture, in the form of Jana Partners, has acquired just under 12 per cent of the business, in a new share issue, so clearly a move approved by Barnes & Noble management.
29 Apr 10:02 | 28