Internet's Barnesandnoble.com files for initial stock offering

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Barnes & Noble, New York, and German media giant Bertelsmann today filed for an initial public offering of stock in their joint venture, barnesandnoble.com. The online bookseller will use money raised in the IPO to expand its e-commerce business, expand distribution and make acquisitions. Barnes & Noble Chairman-CEO Leonard Riggio will serve as barnesandnoble.com chairman.

Copyright March 1999, Crain Communications Inc.

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