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.
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.
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.
April 20, 2001 |
Barnes & Noble Inc. and Borders Group Inc. agreed to pay $2.35 million each to settle an antitrust suit accusing them of getting illegal discounts from publishers and wholesalers. The American Booksellers Assn. and 26 bookstore owners sued the two largest U.S. book chains in March 1998, saying the independent dealers did not get discounts available to larger competitors. The chains said the independents had failed to attract customers, defending the discounts as legal.