August 11, 2009 |
Bookseller Barnes & Noble Inc. said it would buy Barnes & Noble College Booksellers from its chairman in a deal worth $596 million. The deal will cost Barnes & Noble $460 million after accounting for College Booksellers' cash on hand at the expected closing date. The purchase will boost full-year earnings, reunite Barnes & Noble's brand and eliminate annual royalty payments for online textbook sales.
September 27, 1995
Basketball star Michael Jordan has joined the board of directors of Oakley Inc., an Irvine-based maker of sunglasses and goggles. The Chicago Bulls star, who acquired about $2 million worth of Oakley stock when the company went public in August, will act as a consultant, but won't be pitching Oakley's products, said Scott Bowers, director of sports marketing. "He has a great view, a great outlook on sports marketing." The company also has named two other directors: Irene R.
October 4, 2007 |
Microsoft Corp. bought Internet shopping company Jellyfish .com to gain technology to lure users from search-engine leader Google Inc. Jellyfish.com, based in Middleton, Wis., offers a search tool that links to products from Target Corp., Barnes & Noble Inc. and other stores. Shoppers who make a purchase through the service receive part of the ad revenue Jellyfish.com gets from the retailer in the form of credits. Microsoft, based in Redmond, Wash.
May 23, 2003 |
Barnes & Noble Inc. said its first-quarter loss narrowed to $2.03 million, helped by better results at the video-game and Internet businesses in which it owns stakes. The net loss narrowed to 3 cents a share from $16.3 million, or 25 cents, a year earlier, when Barnes & Noble had a $14.9-million investment write-down. Sales rose 4.6% to $1.19 billion, the company said. Profit rose at Barnes & Noble's 60%-owned GameStop chain, and losses narrowed at the Barnes & Noble.com online store.