John Malone Explains Barnes & Noble Bid

John Malone, the chairman of Liberty Media, explained why his company made a buyout bid for Barnes & Noble valuing it at $1 billion. The decision came down to Liberty's bid for Sirius and his outlook for Nook, he said. “You might look at the experience we've had with Sirius XM,” Malone told shareholders at a meeting in Denver on Monday. In 2009, Liberty acquired a 40 percent stake in Sirius XM in exchange for a $530 million investment. That stake is now worth more than $5 billion. It seems that Malone thinks that Barnes & Noble shares are similarly undervalued. Malone then pointed to Barnes & Noble’s Nook e-reader as a possible source of future success, saying that as publishers grow wary of the dominance of Amazon’s Kindle, they’re more likely to offer their support to the rival Nook. Malone also thinks that Nook, which runs on Android software, could expand by becoming an e-reader platform for third-party devices. But he denied rumors that Liberty would push for synergy between the Nook and any of its existing properties, including Starz, LiveNation, and QVC. Malone said that he expects a decision from Barnes & Noble’s board in the coming “months, if not weeks.” Continue reading at 'AdWeek'

[ AdWeek | 2011-05-24 00:00:00 UTC ]
News tagged with: #future success #amazons kindle #e-reader platform #third-party devices #existing properties #coming months

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An American ex-cop looking to start over in the Irish countryside ends up uncovering a bog’s worth of secrets. Continue reading at The Washington Post

[ The Washington Post | 2020-10-05 15:08:57 UTC ]
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John Steinbeck and biographer William Souder make a perfect pair

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[ The Washington Post | 2020-10-01 12:33:21 UTC ]
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Hamilton buys Bannister debut for John Murray Press

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[ The Bookseller | 2020-09-28 10:28:24 UTC ]
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John Murray acquires debut set in all-girls boarding school

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[ The Bookseller | 2020-09-24 22:43:02 UTC ]
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White House 'pressured official to say John Bolton book was security risk'

Ex-National Security Council official claims she was pressured her to say manuscript contained sensitive information after her department had cleared itA former National Security Council official who while working there reviewed John Bolton’s memoir for classified information before publication,... Continue reading at The Guardian

[ The Guardian | 2020-09-24 15:10:36 UTC ]
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Macmillan: Don Weisberg To Succeed John Sargent as CEO; Susan Winslow Leads Learning

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[ Publishing Perspectives | 2020-09-17 15:16:05 UTC ]
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[ The Bookseller | 2020-09-07 02:19:52 UTC ]
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Praising the life of John Lewis, and skipping the complexities

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[ The Washington Post | 2020-08-28 12:00:00 UTC ]
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[ The Guardian | 2020-08-08 16:00:12 UTC ]
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‘The Standardization of Demoralization Procedures’ is a story that John le Carré might have written for ‘The Twilight Zone’

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[ The Bookseller | 2020-07-30 12:39:19 UTC ]
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[ Literrary Hub | 2020-07-29 17:44:32 UTC ]
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[ Publishers Weekly | 2020-07-20 04:00:00 UTC ]
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