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Barnes & Noble: Liberty Media pounces; Music: Apple heads into the cloud; Regulation: Google warned on drug sales; Television: Ebersol’s exit dims NBC’s Olympic hopes; Scandals: Hedge-fund queen spies on staff

Barnes & Noble: Liberty Media pounces

Liberty Media, the holding company of cable pioneer John Malone, has offered $17 a share, or roughly $1 billion, for struggling book retailer Barnes & Noble, said PublishersWeekly.com. The price is 20 percent above B&N’s share price just before the bid was disclosed. Last year the bookseller “vigorously fought off” a partial-takeover offer from grocery mogul Ron Burkle, saying it undervalued the company. But Malone’s bid, unlike Burkle’s, has the backing of B&N co-founder and chairman Leonard Riggio, who owns 30 percent of the company. And Malone’s proposal received a strong endorsement from David Shanks, CEO of Penguin Books, one of the industry’s largest publishers.

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