Barnes & Noble Founder Wants to Take Retail Division Private

Posted by Unknown on Monday February 25, 2013 @01:10PM from the that's-one-way-to-die dept.

The times haven't been the kindest to B&N: retail sales are down and the Kindle is outselling the Nook. Joining Best Buy and Dell, B&N might be going private. From the article: "Barnes & Noble’s largest shareholder, Leonard Riggio, made an offer Monday to buy out the struggling company and take it private ... Essentially, it would split the company in two: one half would be Riggio’s private brick-and-mortar stores and related assets, the other the publicly-traded Nook and college bookstore management division."

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Blame the market bulls ... by oztiks · 2013-02-25 13:15 · Score: 5, Insightful

Public companies are getting abused on the stock market so bad being private means they can actually run the business properly without having to worry about squeezing to make every Q more profitable according to analyst projections and "expected" profits.
Apple should do the same but having 1bn outstanding shares at $400 a piece means even their whopping $130bn in the bank wont even save them from the onslaught.