Barnes & Noble is Spinning Off its College Store Business
Barnes & Noble has unveiled plans to raise up to $775 million in a spinoff of the company's college bookstore assets in a move that will create a separate, publicly traded company. The plan will separate Barnes & Noble Education from the legacy Barnes & Noble retail and Nook digital businesses. Barnes & Noble last summer had disclosed plans to spin off the Nook Media business, though that business will still be owned by the parent company after the college business spin off. Barnes & Noble has faced challenges in both the physical and digital worlds.