Riggio

But there is a key question: Can chairman and 30% shareholder Len Riggio vote?

Burkle Books Battle With Liberty Martin Peers 2011

At the introduction of the new Nook Tuesday at Barnes & Noble's store in Union Square, Leonard Riggio , chairman and the single largest investor, underscored the focus on the digital strategy: "We're all in, in terms of effort and a huge investment in capital and people."

Barnes & Noble Introduces Smaller, Cheaper Nook Jeffrey A. Trachtenberg 2011

Mr. Riggio, also 70, has a penchant for modern art and thoroughbred horses.

'Cable Cowboy' Hunts E-Books Jessica E. Vascellaro 2011

His bid also hinges on an alliance with the struggling bookseller's founder and chairman, Leonard Riggio .

'Cable Cowboy' Hunts E-Books Jessica E. Vascellaro 2011

Mr. Riggio has had discussions with Liberty executives and he has expressed openness in working with them, the people said.

'Cable Cowboy' Hunts E-Books Jessica E. Vascellaro 2011

Mr. Riggio and Mr. Malone don't know each other personally, according to the people familiar with the matter, and have operated in separate business spheres.

'Cable Cowboy' Hunts E-Books Jessica E. Vascellaro 2011

Mr. Malone contacted Mr. Riggio recently about the offer, according to people familiar with the matter, which Liberty is making with the condition that Mr. Riggio, who owns roughly 30% of the bookstore chain, remains involved in the company.

'Cable Cowboy' Hunts E-Books Jessica E. Vascellaro 2011

The offer, which also includes the assumption of about $450 million in debt, would give the Liberty Capital group a 70% stake in the company, while Barnes & Noble founder Leonard Riggio would retain his 30% stake and remain at the company.

Liberty Could Open New Chapter With Barnes Nat Worden 2011

But there is no agreement yet between Liberty and Mr. Riggio about partnering for a bid.

'Cable Cowboy' Hunts E-Books Jessica E. Vascellaro 2011

It wants to buy only 70% of B&N and for B&N Chairman Len Riggio , who owns about 30%, to stay.

Liberty's Barnes & Noble Intentions Martin Peers 2011