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Posts Tagged ‘Wall Street’

Activist Group Anonymous Shops for Book Deal

Gregg Housh and Barrett Brown, two known members of the activism group Anonymous, have teamed up with Writers House literary agent Dan Conaway to shop around for a book deal.

According to The New York Observer, Housh has served as Anonymous’ unofficial spokesperson since 2008. Brown used to share those duties with him, but “quit” earlier this year. Conaway revealed that the writers will be meeting with several publishers about this project.

Here’s more from the article: “An authoritative book would make the organization and its activism accessible beyond media coverage and, among other things, those other books on the matter, Mr. Housh noted, as he bemoaned the dearth of accurate information on the subject…Mr. Housh characterized the ambition of the proposed book as one that extends beyond simply having a bestseller.”

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Why Did Liberty Media Bid for Barnes & Noble?

As we previously noted, Liberty Media Corporation, a company chaired by entrepreneur John C. Malone, has submitted a proposal to bid for Barnes & Noble. The offer of $17 per share appraises the company valuation at $1.02 billion. Last week a New York Times article speculated on why Liberty bid for Barnes & Noble.

Here’s more from the article: “So far, most of the reasons given for the interest in Barnes & Noble center on its e-reader, the Nook. Mr. Malone implied that the Nook was a primary reason for Liberty Media’s bid at the company’s shareholder meeting on Monday. Though exact figures are unavailable, Barnes & Noble captured as much as 27 percent of the e-book market with its Nook, according to a Goldman Sachs report.”

The article also offered the theory that Borders’ bankruptcy has also influenced Malone’s offer. Borders’ struggles helped eliminate competition on the brick and mortar side of the business. What do you foresee for the bookseller’s future? (via Publishers Weekly)