BKS
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  • Aug. 18, 2011, 4:56 PM

    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.

    | Aug. 18, 2011, 4:56 PM
  • Aug. 17, 2011, 3:35 PM
    Liberty Media (LCAPA -0.4%) is still in talks with Barnes & Noble (BKS -9.8%), but financing constraints reportedly might lead to a share investment instead of whole-company acquisition. No other retailer is believed to be looking at an offer for Barnes & Noble, which puts Liberty Media in the catbird seat.
    | Aug. 17, 2011, 3:35 PM
  • Aug. 4, 2011, 9:16 AM
    Following yesterday's New York Post report, Barclays' Alan Rifkin considers it unlikely that Barnes & Noble (BKS) will be acquired by Liberty Media (LCAPA). In the absence of a deal, Rifkin thinks the negative impact of a "competitive e-commerce environment" and "a push toward lower margin e-readers" could drive BKS shares down to $14.
    | Aug. 4, 2011, 9:16 AM
  • Jul. 7, 2011, 10:06 AM
    John Malone calls Liberty Media's (LCAPA +2%) $17/share offer for Barnes & Noble (BKS +1.5%) "a bit of a flier for us" in the face of stiff e-reader competition, but adds he likes the brick-and-mortar advantage the firm has with publishers. Liberty is reported to be in the due diligence phase of its acquisition push for the bookseller.
    | Jul. 7, 2011, 10:06 AM
  • Jun. 1, 2011, 9:38 PM
    Distressed investor Gores Group arrives to bid for more than half of what's left of bankrupt Borders Group (BGPIQ.PK) - and it may not be the only suitor, in interest sparked by Liberty Media's (LCAPA) bid for Barnes & Noble (BKS). Gores could try to rehabilitate Borders in slimmer fashion, paying some $200M for more than 200 of the 405 remaining stores.
    | Jun. 1, 2011, 9:38 PM | 4 Comments
  • May 24, 2011, 5:25 PM

    Ron Burkle appears to be preparing for a fight with John Malone over the price Liberty Media (LCAPA) is offering for Barnes & Noble (BKS), disclosing in an SEC filing that he bought another 603,000 shares of the bookseller at just under $18.49/share on Monday. The move brings the stake held by Burkle's Yucaipa to 11.9M shares, giving him more firepower to challenge Liberty's $17/share bid.

    | May 24, 2011, 5:25 PM
  • May 24, 2011, 1:49 PM
    Liberty Media (LCAPA) chairman John Malone told shareholders yesterday that he wouldn’t shut all Barnes & Noble (BKS) retail stores if his buyout goes through. Liberty CEO Greg Maffei discussed a potentially "interesting interplay" between the Nook and stores, citing Apple (AAPL) stores as an example of how retail stores can help drive demand for devices.
    | May 24, 2011, 1:49 PM
  • May 20, 2011, 9:05 AM
    Barnes & Noble (BKS), who until recently was unanimously shunned, is suddenly very attractive now that it's captured a full 28% of the ebook market. Number crunchers note that Nook's success, and the shuttering of the remaining Borders outlets, means Liberty's (LCAPA) $17/share offer is just 3x potential Ebitda - allowing plenty of room for bid raising. BKS +31% to $18.46.
    | May 20, 2011, 9:05 AM
  • May 19, 2011, 7:09 PM

    Barnes & Noble (BKS) up 20.3% AH as it announces it's gotten an acquisition offer from Liberty Media (LCAPA) at $17/share, about $1B - contingent on B&N Chairman Len Riggio keeping his equity ownership and management role.

    | May 19, 2011, 7:09 PM | 7 Comments