Barnes and Noble chairman plans offer for bookstore business3 min read . Updated: 26 Feb 2013, 03:50 PM IST
Riggio, who owns nearly 30% of Barnes and Noble, did not disclose how much he would offer for the stores
Barnes and Noble Inc. said its chairman, Leonard Riggio, plans to make an offer for the company’s bookstores, a deal that would result in splitting them off from the company’s Nook device and e-book business, which has been losing ground to Amazon.com Inc.
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