Multiple news sources are reporting that Barnes & Noble, the bookseller with 720 stores and the recent Nook e-reader, is thinking about putting itself up for sale. (Full disclosure: B&N is my favorite book or any other kind of store. I’m a fan.)
Being a publicly traded company, B&N is constantly under pressure to try and make its stock performance attractive for investors. And it’s falling short. So one of the options is to put itself on the auction block. Possible buyers include the founder and chairman of the board Leonard Riggio who, it’s said, is looking at putting together an investment group to buy out the company and take it private.