Barnes & Noble snapped up by Waterstones owner
Barnes & Noble has been acquired by Waterstones’ parent company Elliott Advisors in an all-cash deal.
It has bought the US book retailer in a deal worth $683m (£538m).
Waterstones chief executive James Daunt will assume the role of Barnes & Noble chief executive following the completion of the deal and will be based in New York.
Barnes & Noble is the largest bookseller in the USA and serves 627 communities across all 50 states.
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Three free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.