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Barnes & Noble Inc (BKS)

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  • May 13, 2013, 1:33 PM
    Barnes & Noble (BKS -9.9%) spikes lower after Insider Monkey reports that a source inside Microsoft indicates nothing is imminent from the company on a plan to buy Nook Media.
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  • May 9, 2013, 9:30 AM
    Investors are racing ahead of analysts over a potential deal by Microsoft to buy Barnes & Noble's (BKS) Nook Media digital assets outright. Stifel Nicolaus analyst David Schick warns it's not clear if B&N's board has even seen the offer and what the full impact will be for the remaining trimmed-down company. No bother, BKS +27.7% premarket anyway.
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  • May 9, 2013, 9:10 AM
    Premarket gainers: BKS +29%. TSLA +24%. CTRP +17%. GMCR +15%. GRPN +15%. XOMA +12%. TC +12%. OWW +7%. AFFY +7%. WAC +7%.
    Losers: LPSN -22%. RAX -21%. PZZI -17%. GV -11%. MNST -10%. SSNC -7%. HEK -7%.
  • May 9, 2013, 7:29 AM
    Investors of Barnes & Noble (BKS) caught the break they were looking for when Microsoft reportedly offered $1B to buy Nook Media's e-reader, tablet, and e-book operations. Shares of B&N are up 25.2% premarket to $22.25.
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  • May 8, 2013, 10:52 PM
    Microsoft (MSFT) is offering $1B for Nook Media's (BKS) e-reader, tablet, and e-book ops (but not its college bookstore arm), TechCrunch reports. If true, the valuation assigned to NM is well below the $1.7B given when Microsoft bought a 17.6% stake (diluted to 16.8% by Pearson's investment) in April '12. Documents indicate NM (exc. the college ops) is expected to post FY13 (ended in April) revenue of $1.09B (-10% Y/Y) and an EBITDA loss of $360M, plans to discontinue its tablet line (makes sense, given market share trends), and will focus on content sales. Is such a business worth $1B? Regardless, Barnes & Noble ($1.06B market cap) should see a pop on the report. (FY13 warning) (FQ3 results)
  • May 3, 2013, 8:49 AM
    Barnes & Noble (BKS) gains 1.2% in premarket trading after it opens up Nook products to Google Play and in the process exponentially increases the number of apps available to users. The company is already pushing the development hard on its website as a selling feature. The combination of a friendly relationship with Google on top of the $300M Microsoft plowed into Nook Media gives B&N some nice friends to have as it looks to potentially re-invent itself in the future.
  • May 3, 2013, 7:22 AM
    Barnes & Noble (BKS) announces Google Play is available for Nook HD products. Though the move is a further capitulation by B&N from offering up a closed eco-system, it also increases the number of apps available to consumers to 750K from 10K to make the Nook more attractive. Barnes & Noble is also cozying up to Google on the browser front with Chrome set to replace the existing default browser.
  • Apr. 12, 2013, 1:21 PM
    E-books sales are still growing, but not at the manic rate they once did, reports trade association AAP. After growing to account for 17% of U.S. book publisher sales in 2011 from a mere 3% in 2009, e-books made up 22.6% of 2012 sales. Altogether, U.S. trade book sales are believed to have grown 6.2% in 2012 to $7.1B, evidence the e-book transition has done more good than harm for the publishing industry (PSO, MHP, SCHL). Amazon (AMZN), with its huge share of e-book sales, can't complain, but Barnes & Noble (BKS) is arguably in a tougher spot.
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  • Mar. 25, 2013, 8:51 AM
    Barnes & Noble (BKS) announces in-app purchasing will soon be a feature for Nook customers. The development has the potential to raise revenue for Nook Media if apps can reach a critical mass with consumers and gamers at which point they will pay for premium content and virtual goods. (Previous: B&N pulling out all the stops)
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  • Mar. 24, 2013, 10:44 AM
    Desperate times call for desperate measures. Barnes & Noble (BKS) will make a bold attempt to gain market share by giving away a free e-reader with the purchase of a Nook HD+ tablet. The special limited time offer will be available online and in bookstores from March 24 to March 30. The end game: Though digital content sales rose 13% in Q4 to partially offset falling device sales, Microsoft-backed Nook Media needs explosive growth in the Nook ecosystem to stay relevant.
  • Mar. 22, 2013, 1:57 PM
    Barnes & Noble (BKS -1.1%) is reducing the number of Simon & Schuster (CBS +0.2%) books it carries and promotes, according to the WSJ. The two companies are embroiled in a dispute over financial issues. What to watch: It's a bit of risk for B&N if disgruntled book buyers move online for titles they can't find in stores.
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  • Mar. 13, 2013, 12:58 PM
    Barnes & Noble (BKS -0.4%) seeks in a federal court in New York a ruling to uphold a previous decision that the company didn't infringe on Alcatel-Lucent patents with its website and e-reader. The company says its use of Microsoft software on its websites and hardware brings a MSFT-ALU licensing agreement into play.
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  • Mar. 11, 2013, 10:41 AM
    Barnes & Noble (BKS +1.3%) breaks higher, fueled by chatter that a M&A adviser has been hired by the company to help it explore strategic options.
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  • Mar. 7, 2013, 9:10 AM
    Barnes & Noble (BKS) announces it will expand content options for its Nook devices with new licensing partnerships with studios and providers. Movies from Lions Gate and Paramount Pictures will be included in the new viewing options for users.
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  • Mar. 5, 2013, 8:55 AM
    Retail expert Hitha Prabhakar thinks Barnes & Noble (BKS) should jump on any Leonard Riggio offer for the retail side of the business before the deal flies away to never return. The trick for B&N is that to argue that it's retail business side is very valuable diminishes the investment Microsoft and Pearson made into Nook Media. BKS +1.8% premarket to $16.75.
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  • Mar. 4, 2013, 9:49 AM
    Will Microsoft buy Barnes & Noble (BKS +5.8%)? The bookstore chain shoots higher in early trading after a Barron's article pitches the case that the retail business is worth $19 a share alone. The crux of the argument is that Microsoft (MSFT -0.2%) would be smart to buy the company to jumpstart its retail business and set up a store-within-a-store concept to boost sales of its tablets.
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Company Description
Barnes & Noble Inc is a booksellers and a content, commerce and technology company providing customers access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform.