Liberty Media Puts $204M into Barnes & Noble

Liberty Media will pour $204 million into bookseller Barnes & Noble Inc., forgoing earlier plans to buy the company outright. Under the terms of the deal, Liberty will buy 12 million shares – or 16.6% of the company – at a price of $17 per share. The deal comes three months after Liberty offered to buy 70% of the bookseller. Facing pressure from some shareholders, Barnes & Noble put itself up for sale last summer but failed to find a buyer until Liberty stepped up to the plate.

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