Despite the claims of ‘super activist’ Rick Shottenfeld, it certainly looks like the Nook is the more attractive part of Barnes & Noble (BKS) these days. After partnering with Microsoft (MSFT) earlier this year, the company has sold a 5% stake in Nook Media LLC to Pearson (PSO) for ~$89.5 million in cash, valuing...
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Posts Tagged ‘ BKS ’
Neophyte Activist With Undisclosed Stake Pushes Barnes & Noble To Spin Off Nook
We’ve previously written about Barnes & Noble (BKS) separating its Nook division in preparation for a possible spinoff (here, here, here and here). Spinoff king John Malone has some involvement. We guess what was really missing was for a man with no history as an activist, who has not disclosed any stake in the...
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Microsoft And Barnes & Noble Complete Partnership In NOOK Media; No Decision Yet On Spinoff
As we discussed previously, Microsoft(MSFT) had agreed to invest $300 million for a 17.6% stake in NOOK Media, which includes the digital and College assets of Barnes & Noble(BKS) including the NOOK device business. Barnes & Noble continues to own the remainder of the business. In today’s release, the company was careful to note...
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Liberty Media Investors To See Starz In Their Portfolio
John Malone is at it again. Liberty Media Company(LMCA), a former tracking stock that was spun out from his core Liberty Interactive(LINTA), will be spinning off its Starz subsidiary. The Starz spinoff will contain the operating assets of Liberty Media, including the Starz and Encore premium cable networks. Liberty Media’s assets after the spin...
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SAC Gets Active, Takes Scissors To Clearwater Paper
We have recently noted that activist investors have notched a bunch of wins recently. For example, Jana Partners (involved with Marathon and McGraw-Hill) recently cleaned up with a well-timed investment into Barnes & Noble (BKS) that led to quite the ‘victory lap‘ for managing partner Barry Rosenstein who said that “there is no point...
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