Barnes & Noble Will Be Sold to Elliott Management

Barnes & Noble Will Be Sold to Elliott Management

Book Culture

According to NPR, there is big news in the publishing world for bookseller Barnes & Noble. Eight months ago, Barnes & Noble revealed it was exploring possible avenues for a potential sale. Now, Barnes & Noble revealed in a press release on Friday that it had reached an agreement with Elliott Management and will be sold to the corporation for 683 million. This move will mean Elliott Management will own the largest bookseller in the United States, which unfortunately has been suffering as of late. Much like other physical bookstores, Barnes & Noble is facing stiff competition from online competitors: primarily Amazon, …