Current Events > So is barnes and noble going out of business?

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JebronLames
06/07/19 4:46:12 PM
#1:


or are they just being sold?
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Gobstoppers12
06/07/19 4:46:30 PM
#2:


Just their career.
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Mesiah21
06/07/19 4:56:23 PM
#3:


I wouldn't think they are going out of business. They are just opening another location in my city, so i wouldn't think they are going out of business
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Solid Sonic
06/07/19 4:56:53 PM
#4:


Oh god I hope so, books are FUCKING LAME.
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stoltenberg11
06/07/19 4:59:52 PM
#5:


I hope not. I go there occasionally
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ElatedVenusaur
06/07/19 5:02:45 PM
#6:


They got sold to a hedge fund. I can't remember which one, but a lot of them buy companies basically to suck them dry and then throw them into the trash(bankruptcy). Examples of that include Toys'R'Us.
Edit: Though apparently this hedge fund owns a publishing company, so they might actually want Barnes&Noble for what it is.
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Master_Bass
06/07/19 5:04:38 PM
#7:


ElatedVenusaur posted...
They got sold to a hedge fund. I can't remember which one, but a lot of them buy companies basically to suck them dry and then throw them into the trash(bankruptcy). Examples of that include Toys'R'Us.

This fund saved the Waterstones retail book chain in the UK, so this is probably the best case scenario for Barnes And Nobles.
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Smashingpmkns
06/07/19 5:16:13 PM
#8:


ElatedVenusaur posted...
They got sold to a hedge fund. I can't remember which one, but a lot of them buy companies basically to suck them dry and then throw them into the trash(bankruptcy). Examples of that include Toys'R'Us.
Edit: Though apparently this hedge fund owns a publishing company, so they might actually want Barnes&Noble for what it is.


Most hedge funds definitely do not want to do that btw.
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JebronLames
06/07/19 5:18:18 PM
#9:


Smashingpmkns posted...
ElatedVenusaur posted...
They got sold to a hedge fund. I can't remember which one, but a lot of them buy companies basically to suck them dry and then throw them into the trash(bankruptcy). Examples of that include Toys'R'Us.
Edit: Though apparently this hedge fund owns a publishing company, so they might actually want Barnes&Noble for what it is.


Most hedge funds definitely do not want to do that btw.

do what? which one?
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Smashingpmkns
06/07/19 5:29:51 PM
#10:


JebronLames posted...
Smashingpmkns posted...
ElatedVenusaur posted...
They got sold to a hedge fund. I can't remember which one, but a lot of them buy companies basically to suck them dry and then throw them into the trash(bankruptcy). Examples of that include Toys'R'Us.
Edit: Though apparently this hedge fund owns a publishing company, so they might actually want Barnes&Noble for what it is.


Most hedge funds definitely do not want to do that btw.

do what? which one?


The first. Hedge funds usually invest in companies that they predict are going to go bankrupt in order to turn it profitable once it emerges from bankruptcy (high risk, high reward), but they do not invest in order to bankrupt the company and toss it away, if that makes any sense. Sears and Toys R Us weren't planned to tank like they did for instance.
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