Barnes & Noble Agrees to Spin Off Nook Unit as Sales Decline “Barnes & Noble Inc. (BKS), facing declining sales at both its bookstore chain and Nook electronic-reader business, plans to split them into separately traded companies in a bid to improve performance. The spinoff will be completed by the first quarter of next year, New York-based Barnes & Noble said in a statement. The company also reported fourth-quarter results today, showing a drop in the bookstore ...
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