The Globe and Mail has a story about Barnes & Noble, the biggest U.S. bricks-and-mortar bookselling chain, preparing to “evaluate strategic alternatives, including a possible sale of the company†because of a perception that its shares “are now significantly undervalued.†The news brought B&N shares up more than 19 percent on Wednesday.
So, are we seeing market manipulation, and attempt to re-value B&N shares, or have they claimed a solid enough stake in the eBook Revolution to get the best price possible for a chain that boasts a bricks-and-mortar platform while it also pays for it? I guess we’ll find out soon. The powers that be at B&N have certainly done a heck of a job raising the bookseller’s profile for the digital age.
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