For the first time in a while, the price of Barnes & Noble’s shares rose and it seems to have happened because there is talk Barnes & Noble is considering selling. Or at least it’s what one of their investors is urging them to do.
Predictions are already abound about how the new possible owners can do to revitalize the dwindling company despite B&N not even confirming whether they are even considering it.
B&N’s current woes are definitely attributable to Amazon’s growing presence, though they publicly claim that Amazon opening physical location proves that bookstores are not dying. The urging of B&N to sell may have been influenced by Amazon’s recent acquisition of Whole Foods, which also will dramatically expand Amazon’s presence outside of the internet, and may perhaps be the final nail in B&N’s coffin.
Read more about what Barnes & Noble’s CEO is considering at USA Today.