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Barnes & Noble to Buy Its Namesake College-Bookstore Business

August 11, 2009, 10:00 am

Barnes & Noble Inc., looking to tap into the growing market for electronic textbooks, college-themed apparel, and other materials and merchandise that make up the $10-billion college-bookstore industry, has announced that it would pay $596-million to buy Barnes & Noble College Booksellers Inc. from its chairman, Leonard Riggio. The company now operates 35 percent of college stores.

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