• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register
Publishers Lunch logo Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
Login Sign Up
  • Personnel
  • AI
  • Compensation
  • Unions
  • Book Bans
  • New Releases
  • Earnings
  • The Trial
  • Archives
Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
  • Publishers Marketplace
  • Site Guide
  • Help

August 19, 2011By Sarah Weinman

Liberty Media Invests $204 Million in Barnes and Noble For a 16.6 Percent Stake

August 19, 2011By Sarah Weinman

A day after rumors swirled that Liberty Media had stepped back from buying a 70 percent stake in Barnes & Noble, the bookseller announced Thursday afternoon that Liberty had invested an aggregate of $204 million, through the purchase of newly issued convertible preferred stock, which can be converted into 12 million shares of common stock. The purchase was for the same $17 a share as the original buyout offer – now abandoned – and Liberty will receive a quarterly dividend at an annual rate of 7.75 percent. Under the deal, which closes today, and subject to the waiting period under anti-trust […]

Login to read full story

Filed Under: Bookstores, Deals, Finance

sidebar

Primary Free Sidebar

Login

Forgot Password Quick Pass User Login
Get Full Access
The Publishing Industry’s Essential Daily Read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • James Frey Has Rich Friends, and They Like His New Book June 12, 2025 WSJ
  • Leon Levy Foundation Awards $300,000 Grant to the Authors Guild Foundation to Preserve Literary Advocacy Archives June 10, 2025 Authors Guild
  • Trending: Tote Bags That Hold Just A Book June 10, 2025 Elle
  • Hadley, MA B&N Workers OK Union Contract After Two Years of Negotiation June 6, 2025 Daily Hampshire Gazette
  • Authors Guild Update On Albert Whitman Bankruptcy Hearing June 5, 2025 AG post
  • "Frozen Yogurt and Fiction Collide" As Pinkberry Promotes Emily Henry (And Their Limited Flavor, Summer Melon Crush) June 3, 2025 Press release
  • JennaFest Draws 200 Readers; She Says She Is Collaborating On a Screen Project with Elin Hilderbrand June 2, 2025 Today
  • Chicago Sun-Times Investigation Admits Everyone Remotely Connected to Bogus AI Supplement Was Lazy, Greedy, or Both May 30, 2025 Sun-Times
  • Shocker: Unbound Successor Boundless Backs Off Promise to Paid Owed Royalties, As Co-Founder and Publisher John Mitchinson Leaves May 30, 2025 Bookseller
  • Why Has BookTok Turned On Creator Luke Bateman? May 30, 2025 Marie Claire Australia
Publishers Marketplace logo

Contact Us

News

  • Publishers Marketplace
  • Report News
  • Discuss
  • Classifieds
  • Rights Offerings

Deals

  • Report A Deal

Books

  • Buzz Books

Jobs

  • Job Board
  • Privacy Policy Terms of Use