The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Register now!

Liberty Media proposed a deal late Thursday to buy the largest U.S. book retailer Barnes & Noble for $1.02 billion through the purchase of the company’s stock at $17 per share, according to Reuters.

The offer may seem high for an ailing fleet of retail stores that are seeing declines in print book sales, but Barnes & Noble’s Nook tablet and online marketplace could be very valuable to the right buyer.

Barnes & Noble announced it was putting itself up for sale in August 2010 and has since pushed an online commerce strategy to boost sales through its Nook eReader.

Recently, Barnes & Noble rolled out a software update to its Nook Color that transformed it from an ereader to a full-fledged tablet computer with apps and support for flash (web videos). Not only does this make the Nook one of the least expensive tablets ($250) running the Android operating system, but it also enables all of Barnes & Noble’s 720 retail stores the potential to become interactive with the online marketplace.

And it’s that interactive potential between physical stores and online Liberty Media would probably like to extend to the corporation’s subsidiaries, which have a presence in media, communication, video, entertainment and online commerce.

The acquisition will go through Liberty Media’s Interactive group, which owns television shopping network QVC and has major stakes in Expedia,, Lockerz, and many others. The acquisition proposal itself has yet to be evaluated by Barnes & Noble’s special committee, according to the company.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member