Talks between Barnes & Noble chairman Leonard Riggio and media mogul John Malone over the possible sale of Riggio’s 70 percent stake in the booksel ler have hit a snag, the New York Post reported Wednesday, citing people close to the negotiations.
The newspaper said it wasn’t clear if the talks, which value Barnes & Noble at $1 billion, had broken down, but one source briefed on the process said “the Barnes deal looks shaky.”
Talks failed to produce a deal last week, which was a preliminary target for an agreement since discussions began in May, sources told the Post. A key sticking point is likely how to value Barnes & Noble’s Nook e-reader, they added.
A spokeswoman for Barnes & Noble declined to comment to the Post. Malone, chairman of Douglas County-based Liberty Media, didn’t respond to requests for comment. Dow Jones Newswires
