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.
February 2, 2010 |
Shares of bookseller Barnes & Noble Inc. rose 18% in late U.S. trading after Los Angeles billionaire Ron Burkle, its largest outside shareholder, asked the company to waive a provision preventing unwanted takeovers and let him acquire as much as 37% of the shares. In a letter to the board of directors Thursday, Burkle asked the company to clarify whether the shares owned by the founding Riggio family were excluded from the takeover provision. The letter was filed with the Securities and Exchange Commission after the close of regular trading in New York, when the shares had risen 52 cents to $18.