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Riggio to take Barnes & Noble Private?

Discussion in 'Sports and News' started by YankeeFan, Feb 25, 2013.

  1. YankeeFan

    YankeeFan Well-Known Member

    Can this possibly be a good idea?

    It sort of mirrors Richard Schulze's attempts to take Best Buy public. Each of them founded the company, and saw it through tremendous growth. Now, both are struggling, thanks in part to internet based competition, but each have outlasted their primary bricks and mortar competitor.

    Throw in Michael Dell buying back his company, and we've got a trend.
  2. doctorquant

    doctorquant Well-Known Member

    Money's cheap right now ... when money's cheap (and plentiful) you get lots of takeovers and buyouts and the like.
  3. LongTimeListener

    LongTimeListener Well-Known Member

    Yep, Dell just announced this kind of deal a couple weeks ago -- $24 billion.

    Must also be nice to get away from Wall Street and the impossibility of any strategy that takes more than three months to implement.
  4. joe king

    joe king Active Member

    Any comment from Freqposter? Or is he a silent partner in this?
  5. YankeeFan

    YankeeFan Well-Known Member

    Could the end be near for B&N:

  6. Moderator1

    Moderator1 Moderator Staff Member

    I had two books I wanted in my cart at Amazon, discounted from the "retail" price to about 36 bucks for both.
    I have an actual kindle, plus the app on my iPad and iPhone. But I still like to read an actual book here and there.

    However, I was able to get the Kindle version of these books for 21 bucks. Saving myself 15. Could start reading as soon as I hit the "buy" button.

    I love books. Lots and lots of books. Not sure it makes sense to ever buy another one.
    So I'm not sure how a bookstore can survive as I'm not the only one who sees this, right?
  7. YankeeFan

    YankeeFan Well-Known Member

    A mass market store? No.

    They need to be huge to offer a wide variety, but they'll never be able to stock everything Amazon does, nor offer the convenience or price.

    And, if Nook is dead, there's no reason to expect a better future.

    I can only see niche book stores surviving.
  8. Gold

    Gold Active Member

    A lot of what Barnes & Noble sells in the stores are not books. There are games, gifts, a cafe, etc. They also have an online place and I enjoy that. Barnes & Noble has adapted better than most bookstore chains, but it may be that they make the best buggy whips.
  9. Armchair_QB

    Armchair_QB Well-Known Member

    Moddy, I'm a lot like you. I have an e-reader and like it but I still like having books around.

    I'm buying fewer and fewer books though. Basically, if it's not written by a few select authors I really like, I buy the e-book. I still enjoy going to bookstores though. Except now I'm usually there to browse and if I see something I like, I add it to my list and buy the e-book.
  10. Small Town Guy

    Small Town Guy Well-Known Member

    I don't know about the end but there was good news for authors yesterday when Barnes & Noble reached a deal with Simon & Schuster relating to pricing, orders and placement. My wife has some S&S authors and this had been killing them as Barnes & Noble had been ordering fewer books from the publisher (if you see, say, a display of just Penguin authors in your store, they're paying for that and that sort of thing was involved in the fight).


    NY Mag had a good piece on the relationship publishers have with B&N.

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