Barnes & Noble Inc (BKS.N) on Thursday said that Liberty Media (LINTA.O) invested $204 million in the bookseller, but discussions for Liberty to purchase the company have ended. Under the agreement, Liberty purchased preferred stock that can be converted into about 12 million shares, or a 16.6 percent stake in the company.
Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. Shares of BKS fell by 6.93% or $-0.9/share to $12.09. In the past year, the shares have traded as low as $8.45 and as high as $21.06. On average, 1466250 shares of BKS exchange hands on a given day and today's volume is recorded at 1268889.
Liberty Media Corporation is a holding company, and through its subsidiaries, is engaged in the video and online commerce, media, communications and entertainment industries. Shares of LINTA fell by 4.58% or $-0.67/share to $13.97. In the past year, the shares have traded as low as $10.10 and as high as $18.65. On average, 5387460 shares of LINTA exchange hands on a given day and today's volume is recorded at 6018775.
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