Barnes & Noble’s Sterling Sale Stalled Out?

Publisher’s Marketplace has the scoop (No Sterling Sale for Now):

After a lengthy process of soliciting offers to purchase Sterling Publishing, run by investment bank Broadwater & Associates, the targeted completion date of February 29 has come and gone, apparently with no deal in place. People familiar with the bidding process indicate that although there was at least one interested publisher until recently, that company withdrew and there are currently no offers on the table.

Read more at Publisher’s Marketplace, including Barnes & Noble’s response.

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