Barnes & Noble SOLD: Goliath has Fallen & What This Means for Writers
This is a fascinating post by Kristen Lamb.
Goliath has fallen. The leviathan Barnes & Noble, the big-box chain that reinvented retail and defined a generation…is no more.
SOLD!
Reuters announced early last Friday that the hedge fund Elliot Management Corp. would be purchasing the former book giant for roughly the equivalent of Kim Kardashian's jewelry allowance ($683 million including debt).
This bold move marks an end to the once-dominant book retailer's status as a publicly traded company.
After almost a decade of abysmally stupid business decisions and plummeting sales—and me blogging and b#@!$ing about it the entire time—this buyout feels like a mercy killing to me.
Someone might finally save Barnes & Noble from itself.
About the author
Latest Books
White Zion
White Zion is a novel in stories forthcoming from Cervena Barva Press (April 2019). The novel takes readers into the worlds of 19th century Yemen, pre-State Israel, modern Israel and modern Canada...
Read More Buy Now
Passport Control
Miriam Gil knows little about Israel. Her father won’t talk about his life there or the brother he left behind when he came to Canada. Hurt and angry when he tells her to move out to make room for his new girlfriend, she enrolls in an Israeli university. She falls in love with Guy...
Read More Buy Now
King of the Class
Eve and Manny are engaged in post-civil war Israel, but Manny has a secret: he’s falling in love with his religious roots and turning his back on moral relativism. As their wedding date approaches...
Read More Buy Now
Comments