Barnes & Noble Considers Sale

Key Points:

• Barnes & Noble stock increased over 20% after announcement of potential sale.
• The struggling book retailer has faced increased competition from Amazon and suffered declining sales.
• The company’s founder, Leonard Riggio, expressed interest in being part of a buyer group.
• The review process could take several months and has no guarantee of a sale.

My Hot Take:

Well, well, well, Barnes & Noble, looks like you’re in a bit of a bind. But fear not, there’s always someone willing to rescue a damsel in distress, or in this case, a bookstore in distress. Let’s hope a buyer steps up and gives Barnes & Noble its happily ever after.

Original Article: http://money.cnn.com/2018/10/03/news/companies/barnes-and-noble-sale/index.html?section=money_markets