Liberty Media execs discuss Barnes & Noble offer

AP News
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Posted: May 24, 2011 9:18 AM
Liberty Media execs discuss Barnes & Noble offer

Liberty Media executives say the interplay between Barnes & Noble's Nook e-book reader and its retail stores is one reason they are making play for the bookseller and indicate they have no plans to shutter all of the company's retail stores.

The comments at a special stockholders meeting Monday help shed more light on last week's unexpected offer to acquire the bookseller for $1 billion.

Liberty Chairman John Malone indicated Monday he expects Barnes & Noble to have a physical presence for a long time.

But Barnes & Noble's e-reader the Nook and its associated e-book library are clearly the focus of the bid.

On Tuesday, Barnes & Noble plans a special event at which industry watchers expect it will introduce a Nook e-book reader with touch screen capabilities.