Apple Inc. (AAPL) to Acquire Barnes & Noble?
We received a tip from an unproven source claiming to have knowledge of discussions within Apple to possibly purchase Barnes & Noble…
This unproven source also said that iTunes 11 would be released in September along with iOS 5 and iCloud, and will support reading iBooks on computers as well as textbook purchases and rentals.
It is safe to question what Apple would do with such a purchase, although acquiring a large bookseller such as Barnes & Noble could benefit AAPL with their e-reader approach for the iPad.
Perhaps Apple is looking to strengthen their relationship with publishers by acquiring Barnes &Noble and transforming it. Barnes & Noble stock currently places the company at a price of only $1 Billion, a small price compared to Apple’s $76 billion cash reserve. The company may have to pay more in order to acquire all of Barnes & Noble’s more than 700 stores, 600 college bookstores, eBookstore and Nook e-reader.
Apple has not yet commented on this matter, something that is still shaky and looks highly unlikely. Let us know what you think in the comments below.