Barnes & Noble Is Splitting Up Its Businesses (Again)
Barnes & Noble intends to separate its college business from its Nook and retail businesses, it announced Thursday, creating two separate publicly traded companies. The move is supposed to be completed by August.
B&N CEO Michael Huseby pulled out all the possible jargon to describe the split:
Separating Barnes & Noble Education will create an industry-leading, pure-play public company with more flexibility to pursue strategic opportunities in the growing educational services markets.