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Barnes & Noble/ Photographer: Eric Thayer/Bloomberg Barnes & Noble/ Photographer: Eric Thayer/Bloomberg

NEW YORK CITY—Elliott Advisors (UK) is acquiring Barnes & Noble, paying $476 million in an all-cash transaction. The sale is valued at $683 million as it includes the assumption of the company’s debt. On Friday, the deal valued Barnes & Noble’s stock at $6.50 per share, a premium of approximately 42% over the retailer’s stock price on Wednesday, before rumors of the deal reported in the media caused the price to jump on Thursday.

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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