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Noble<%2Fa>%20NE%20-0.91%<%2Fa>,%20the%20largest%20bookseller%20in%20the%20U.S.,%20isn't%20a%20goner%20just%20yet,%20but%20the%20development%20it%20revealed%20Thursday%20morning%20is%20not%20pretty%3A%20investor%20Liberty%20Media<%2Fa>%20LMCA%20-1.24%<%2Fa>,%20which%20once%20considered%20buying%20Barnes%20%26%20Noble%20for%20$1%20billion,%20is%20slashing%20its%20stake%20and%20privately%20selling%20a%20majority%20of%20its%20investment%20in%20the%20struggling%20book%20chain.%0D%0A%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Faggregatedcontent%2Fbad-news-for-books-liberty-media-slashing-its-stake-in-barnes-noble%2F" target="_blank" class="email" data-post-id="12803" type="icon_link">
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Three years after bookseller Borders filed for bankruptcy, is another bookstore staple getting closer to the chopping block? Barnes & Noble NE -0.91%, the largest bookseller in the U.S., isn't a goner just yet, but the development it revealed Thursday morning is not pretty: investor Liberty Media LMCA -1.24%, which once considered buying Barnes & Noble for $1 billion, is slashing its stake and privately selling a majority of its investment in the struggling book chain.
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- Companies:
- Barnes & Noble Inc.
- Forbes
- Places:
- U.S.
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