Barnes & Noble (BKS) says Liberty Media (LCAPA) has agreed to buy $204M in preferred stock...

|About: Barnes & Noble Inc (BKS)|By:, SA News Editor

Barnes & Noble (BKS) says Liberty Media (LCAPA) has agreed to buy $204M in preferred stock of the book retailer, which works out to a 16.6% stake. Liberty Media's investment is "a strong endorsement of our overall business," BKS chairman Leonard Riggio says, but he had been hoping for something bigger.