Barnes & Noble buys Barnes & Noble College Booksellers Inc.

Barnes & Noble announced Monday that it has reached an agreement to acquire the privately held Barnes & Noble College Booksellers Inc. in a transaction worth $596 million.

B&N College Booksellers operates 624 college bookstores through multi-year management services contracts, serving nearly 4 million students and over 250,000 faculty members at colleges and universities across the United States.