NEW YORK May 19 Barnes & Noble Inc (BKS.N)
said John Malone's Liberty Media Corp LINTA.O has proposed
buying the largest U.S. bookstore chain for $1.02 billion.
Liberty Media has offered $17 per share, a 20.5 percent
premium over Barnes & Noble's closing share price on Thursday.
Barnes & Noble said the offer has not yet been evaluated by its
Barnes & Noble put itself up for sale last August saying
its shares were undervalued.
The company, which operates 720 bookstores, as well as a
chain of college campus stores, has been facing declining print
(Reporting by Phil Wahba; editing by Andre Grenon)