Barnes & Noble.com to Acquire Fatbrain.com

Barnes & Noble.com announced late Wednesday that they will acquire Fatbrain.com. The deal, valued at approximately $64 million assuming it went ahead, would see Fatbrain.com become a wholly owned subsidiary of Barnes & Noble.com. The name and site will remain operational.

According Fatbrain.com'a latest quarterly report, Barnes & Noble.com has acquired a company whose revenue totaled $13.6 million last quarter - revenue largely derived from their "Information Exchange" online service used mainly by corporate customers.

As a result of the acquistition and its own earlier investment, Barnes & Noble.com will own approximately 50% of the former subsidiary of Fatbrain.com MightyWords.