"IPO NEWS"Subject: BKS [IPO NEWS]
Date: Thu, Jan 21, 1999 21:48 EST
From: Viper1433x
Message-id: <19990121214847.03584.00000875@ng107.aol.com>
Barnes & Noble Reconsiders IPO of Barnesandnoble.com, BW Says
New York, Jan. 21 (Bloomberg) - Barnes & Noble inc. will revamp plans next month for an initial stock sale of its Internet bookseller site Barnesandnoble.com, Business Week reported in its ''Up Front'' column, citing unidentified people close to the company. The online-division offering, scrapped in November after Bertelsmann AG bought 50 percent of the site, could be more attractive as Barnes &
Noble completes its acquisition of Ingram Book Group, the U.S.'s biggest independent book distributor. In addition, Bertelsmann wants to fold its online European bookseller into Barnesandnoble.com, which, if completed, could make the IPO even more attractive, the magazine said.
Barnes & Noble said last month that U.S. antitrust enforcers sought additional information about its proposed $600 million purchase of Ingram Book.
(BW, 2/1, 6, www.businessweek.com)
20:48:34 01/21/1999 |
