Liberty Says Nook Inspired B&N Bid
Liberty Media Corp. executives laid out their rationale for their surprise bid for Barnes & Noble Inc., touting the potential of the bookseller’s Nook e-reader and the vast network of retail stores it can use to promote it.
Liberty Media Chairman John Malone and chief executive Greg Maffei told investors Monday that the potential for the Nook platform to become the e-book application of choice for consumers on all tablet devices built on Google Inc.’s Android operating system helped motivate the company’s bid for the ailing bookstore chain.
