Liberty Media buys nearly a fifth of the US book shop chain, buying shares which yield a 7.75% annual dividend.
US-based media company Liberty Media has revised its plans to buy US book shop Barnes & Noble, and has instead opted to buy 16.6% of the company for $204m.
Liberty Media bought 12 million shares of Barnes & Noble at $17 per share, with a dividend of 7.75%.
Liberty had previously offered to buy the company for $1bn. Barnes & Noble said in a statement: "In light of Liberty’s investment, the parties have ceased discussions regarding Liberty’s previously announced…
