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Barnes & Noble sold to hedge fund for $638 million

Posted on - By Gary Dinges [email protected]

Barnes & Noble, the nation’s largest brick-and-mortar bookseller, has been sold for $638 million.The buyer, according to the New York Times, is Elliott Advisors, a hedge fund.Last year, Elliott Advisors acquired Waterstones, a British bookseller.A number of publishers, the Times reports, had been worried about the future of Barnes & Noble, a chain they count on to get […]