“Gleacher & Co. analyst Brian Marshall this afternoon threw cold water on an article by Jonathan Geller at BoyGeniusReport this morning that speculated Apple might have some interest in purchasing bookseller Barnes & Noble,” Tiernan Ray reports for Barron’s.
“Marshall opines that the rumored price tag, $1.5 billion, would not be a good use of that much of Apple’s cash,” Ray reports. “It would have made more sense to purchase the Borders real estate that is now in liquidation, he notes, if Apple just wanted retail square footage.”
Read more in the full article here.
RUMOR: Apple interested in buying Barnes & Noble – July 28, 2011