Barnes & Noble Received Acquisition Offer

Barnes & Noble, the iconic book retailer, on May 20 received an $1 billion offer from the Liberty Media conglomerate led by John Malone. Malone's offer specially hinges on the prowess of the chain's electronic book reader, NOOK. Liberty offered $17 a share in cash. Liberty runs three publicly traded companies: Liberty Interactive Inc., Liberty Starz Group and Liberty Capital Group. The iconic bookseller is a household name, brand created by a dedicated team of executives led by the founding Chairman Leonard Riggio.