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 company, to present some… Read More »
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 that “As previously announced,… Read More »
We’ve written here previously about the possibility of embattled bookseller Barnes & Noble(BKS) spinning off its Nook business. We’ve written elsewhere about the turnaround at Microsoft(MSFT). Today, both stories collide in an explosive way. The two companies will create a joint venture to which Barnes & Noble will contribute its Digital and College businesses, and to which Microsoft… Read More »
Activism is alive and well these days. A little while ago, we noted that Barnes & Noble (BKS) was considering its options for its cash burning yet growing Nook business. It seems the company wasn’t alone in that thinking and is now being publicly egged on by Michael Glickstein, CIO of G Asset Management and one of BKS’… Read More »
It shouldn’t come as a surprise to anyone that Barnes & Noble(BKS) is struggling. Its stores, with their high fixed costs and high prices, have difficulty competing with online-only Amazon(AMZN). Despite years to improve its website, shopping at bn.com is still a sterile experience that leaves even ardent bibliophiles like us cold(and prices are consistently higher than Amazon’s).… Read More »