Barnes & Noble, with sales falling, is sold to hedge fund
The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon. On Friday, it was acquired by Elliott Management and, in a twist, will likely become a national chain with a business model more akin to that of a local bookstore. Elliott bought Waterstones one year ago, a national U. The man who runs that U. Dalton Bookseller and its locations in The company continued to gobble up other larger booksellers like Doubleday Book Shops and also BookStop, which ran discount superstores in Texas. The company tried to ride the digital transformation of books, rolling out its own e-reader, the Nook, in and offering more than a million books on its website.
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