As reported earlier this year, Liberty Media has made a $1 billion ($17 per share) offer to acquire approximately 70% of Barnes & Noble. According to the Wall Street Journal, Liberty is through the due diligence phase of their financial data analysis and now working on arranging financing for the transaction.
Liberty owns QVC and Starz (pay cable channel).
Wall Street Journal Article
ABC News Story
Liberty Media Bidding for Barnes & Noble
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