Barnes & Noble may soon have a new majority owner.
Liberty Media, a conglomerate with its fingers in everything from the QVC and Starz channels to Expedia and Evite to SiriusXM Radio, announced yesterday after market close that it has offered Barnes & Noble $17 per share, or about $1 billion, for a 70 percent stake in the book retailer.
The offer represents a sizable 20 percent premium on Barnes & Noble's closing stock price yesterday of $14.11. In after-hours trading, the book retailer's shares soared to $17.95.
Liberty Media's acquisition bid comes at an … Read more