Phil Wahba

Liberty Media Offers $1 Billion for Barnes & Noble

Liberty Media Offers $1 Billion for Barnes & Noble

John Malone's Liberty Media Corp has proposed to buy Barnes & Noble Inc for $1.02 billion, nine months after the largest U.S. bookstore chain put itself up for sale. Liberty Media has pursued a strategy in recent years to snap up cheap media-related assets in the hope of making an outsized return on investment as it recently did with Sirius XM Radio.