Barnes & Noble shares jump 27 percent on sales talks

NEW YORK Wed Aug 4, 2010 9:09am EDT

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NEW YORK (Reuters) - Shares of bookseller Barnes & Noble (BKS.N) jumped 28.3 percent to $16.48 in pre-market trading on Wednesday after the company said it was putting itself up for sale.

Goldman Sachs also raised Barnes & Noble to "neutral" following the book store chain's decision to put itself up for sale.

(Reporting by Matthew Lynley; Editing by Theodore d'Afflisio)