Ever since I got the Nook Color I was convinced of the success it will bring to Barnes and Noble – my favorite store. Now, last Thursday, Liberty Media offered $1 billion for the store – or $17 per share, which would give it a 70% stake in the company. I have also noticed the Nook section in Barnes and Noble seems to get bigger and bigger, it is a clear sign this is where the company is moving, and fast. The Nook Color is arguably the best value for an Android based table at $249.
Malones company Liberty Media offered $17 per share Thursday or about $1 billion for a 70 percent stake in Barnes & Noble, a 20 percent premium over the Thursday closing price. Investors greeted the news warmly, pushing Barnes & Noble shares up over 30 percent yes thats higher than Malones bid! in midday market action Friday. As a result, Malone will likely have to sweeten his offer to at least $20 per share. — Wired article