One-time Barnes & Noble financial savior (and potential acquirer) Liberty Media is moving on, announcing Thursday morning that it is selling the bulk of its preferred shares in the bookseller. Liberty says it “has sold the majority of its shares to qualified institutional buyers” with the sales expected to settle on April 8, while retaining “approximately 10 percent of its initial investment.” The announcement implies that Liberty’s reduced stake may allow for new strategic investors or even another run at taking the company private or splitting it into separate parts. Chairman Len Riggio is attributed in the press release with […]
