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Barnes & Noble selling for ~$683M including debt; after losing more than $1 billion in market value in the past 5 years.
— Isaac Nwokocha (@IsaacNwokocha) June 7, 2019
I'll argue that the razor-thin margins of the business is not enough to sustain growth. Amazon had to find AWZ. B&N needs similar.https://t.co/aK196kLqbE
Activist investor #hedge #fun bidder of @BNBuzz https://t.co/FVV1St42SU
— Mo Hossain (@MoHossain) June 7, 2019
3 states join AG probing #merger of @sprint @TMobile @JohnLegere https://t.co/B0xtP4nkjy@UBS @SumitomoAgroAUS @Mitsui tie-uphttps://t.co/5aEd5A0ciE
Athora Vivathttps://t.co/pni9RbHCs6#arbitrage pic.twitter.com/RtunHSWAHS
Barnes & Noble Nearing Deal to Be Acquired by Elliott Management - The Wall Street Journal https://t.co/q8S9x08Orq US Business pic.twitter.com/7QnmPFUsza
— S_P500 Moni (@s_p500) June 6, 2019
Barnes & Noble Nearing Deal to Be Acquired by Elliott Management | @WSJBookReviews https://t.co/jQLuqDJAu1 pic.twitter.com/N3aisoIi1v
— Publishers Weekly (@PublishersWkly) June 6, 2019
Barnes & Noble gets swallowed up at bargain price by vulture investor. Serves it right for driving Meg Ryan’s indie bookstore out of business! https://t.co/Fazz4jHxkf
— Peter Lattman (@peterlattman) June 7, 2019
SCOOP from @CaraRLombardo and @JeffreyT1: Barnes & Noble is nearing a deal to be bought by hedge fund Elliott Management, which bought U.K. bookseller Waterstones last year. https://t.co/UDtW92qTqa
— Nate Becker (@natebecker) June 6, 2019
Interesting contra play https://t.co/FSe8F962G9
— The Red Deer (@the_red_deer) June 6, 2019
Barnes & Noble nears sale to hedge fund Elliott Management. Scoop from @CaraRLombardo and @JeffreyT1:https://t.co/3lGiosRzrR
— Ben Mullin (@BenMullin) June 6, 2019
I'm not kidding.
— ⚱️Doom Of #NerdBlitz? (@TheScoobyDoom) June 6, 2019
If Barnes & Noble closes, I'll fuckin' cry.
I'm talkin' full on blubbering, snot bubbles, breathing trouble, arms flailing, foot stomping, the complete goddamn works.https://t.co/006a2Qjycs
A hedge fund is on the verge of buying Barnes & Noble https://t.co/3fpbuheiem
— Alex Shephard (@alex_shephard) June 6, 2019
Paul "The Vulture" Singer's Elliott Management is set to acquire Barnes & Noble — America's largest physical bookstore chain — for $683 million. The company already owns Waterstones, the largest chain in the UK, having bought it last year. https://t.co/wLN12w28v1
— Greg Palast (@Greg_Palast) June 7, 2019
Owners of the UK book chain Waterstones are set to buy B&N; and both companies will be managed by Waterstones CEO James Daunt, who led the company's turnaround in the UK. https://t.co/LhGzGtgkzj
— Esther Schindler (@estherschindler) June 7, 2019
Paul Singer now owns the largest physical bookstore chain in the U.S., and the largest chain in Britain. https://t.co/AQ2mJ2qlAr
— David Dayen (@ddayen) June 7, 2019
Elliott Management to acquire Barnes & Noble for $683 million https://t.co/lHqelLOqYN
— Mark Anthony Neal (@NewBlackMan) June 7, 2019
Whoa. B&N is being sold, for what (in this business climate) is peanuts. The buyer will be closing stores and making new stores much smaller. This will change a lot of things in publishing, maybe everything. (Thanks to @estherschindler for the link.)https://t.co/8J9Y8bm0Js
— Jeff Duntemann (@JeffDuntemann) June 7, 2019
A question for book people: if Amazon is Darth Vader and independent bookstores are the Jedi Order, where does that leave Barnes & Noble? https://t.co/0Sm9jyuuB8
— Adam Morgan (@adamm0rgan) June 7, 2019
“As a private company, B&N will likely be more free to make the changes and investment that can be unwieldy under a public spotlight. Part of the bookseller's turnaround plan has included closing some of its more than 600 stores” @LaurenSHirsch https://t.co/VswMhR876v
— Lauren Thomas (@laurenthomasx3) June 7, 2019
Book news: https://t.co/u5sC28XQsv
— David Lubar (@davidlubar) June 7, 2019
Elliott Management to acquire Barnes & Noble for $683 million https://t.co/hAvxUJn0Ro
— CNBC Now (@CNBCnow) June 7, 2019
Barnes & Noble to Be Bought by Elliott Management Corp in $476 Million Cash Deal (via Bloomberg) https://t.co/ivk5sUXn7M pic.twitter.com/gDyT8usSdw
— Library Journal (@LibraryJournal) June 7, 2019
Is it too crazy to propose Barnes and Noble gets into co-working / event spaces?
— Turner Novak (@TurnerNovak) June 7, 2019
CapEx requirements may make this impossible, but would essentially create a B&N subscription and a captive audience for its exiting retail and cafe infrastructure.https://t.co/RzRrJI5E80
#bookstore Big News! Barnes & Noble to Be Bought by Elliott in $476 Million Cash Deal https://t.co/Z10BZ5UDCn
— Shadelandhouse (@smp_books) June 7, 2019
At first, this reads like a sad end for Barnes & Noble, until you read that Elliott is likely to appoint James Daunt to run it. Which is actually great news. ? https://t.co/MjlhncsKkB
— M.G. Siegler (@mgsiegler) June 8, 2019
Good news for book lovers. Looks like Barns & Noble is going to be sticking around for a while longer! ?https://t.co/zj4u6AtzF6
— Matthew Kadish (@MatthewKadish) June 8, 2019
I’ve come to appreciate B&N as a mom who needs free activities. And yes I always end up buying something. https://t.co/nHMCJ66ToA
— Alizah Salario (@Alirosa) June 7, 2019
Barnes & Noble has a buyer. Can the bookseller be saved?https://t.co/vVXNifWD7d
— Jeremy Hill (@JeremyHtweets) June 7, 2019