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NEW YORK (AP) — The one-time bookselling giant Barnes & Noble is being acquired by a hedge fund for 6 million.The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers. Independent bookstores have also persisted in the face of digital publishing.The company said in October that it might put itself up for sale after it was approached by a number of potential buyers, including founder Leonard Riggio who opened Barnes & Noble stores across the country and turned it into a superstore.Barnes & Noble said Friday that it's being acquired by Elliott Management for .50 per share, an approximately 9% percent premium to the company's Thursday closing stock price. Elliott bought the U.K. bookseller Waterstones in June 2018.Waterstones CEO James Daunt will also take on the role of CEO at Barnes & Noble.The sale, valued at about 3 million including debt, is targeted to close in the third quarter if approved by regulators and shareholders.Shares of the New York company jumped 11% before the opening bell. 1111

NEW YORK (AP) — It’s baby No. 3 for John Legend and Chrissy Teigen. The couple revealed they are expecting in Legend’s new video for the song “Wild,” which premiered Thursday and features Teigen and Legend holding her baby bump at the end of the clip. The video also features their 4-year-old daughter Luna and 2-year-old son Miles. “Wild,” featuring Grammy-winning singer-guitarist Gary Clark Jr., is from Legend’s recent album “Bigger Love.” The video, shot in Mexico, was directed by Nabil Elderkin, who introduced Legend to Teigen 14 years ago. Legend and Teigen were married in 2013. 596

Noor Salman, the widow of the Pulse nightclub gunman, on Friday was found not guilty of providing material support to a foreign terrorist organization and not guilty of obstruction of justice in connection with her husband's 2016 killing spree.Jurors began deliberating the federal case Wednesday afternoon.A visibly anxious Salman, wearing a dark suit, stood in court as the verdict was read. One of her uncles, seated in court behind her, stifled a sob as relatives held one another.   500

NEW YORK (AP) — Chuck E Cheese, the restaurant chain that became a Mecca for children and a crucible for many of their parents, is filing for bankruptcy protection. Parent company CEC Entertainment has reopened 266 of its 612 company-operated Chuck E Cheese and Peter Piper Pizza restaurants. It did not elaborate on how willing parents are to again host birthday parties and other gatherings with so many cities still under tight restrictions on crowds. CEO David McKillips said Thursday in press release that it has been "the most challenging event in our company's history."“The Chapter 11 process will allow us to strengthen our financial structure as we recover from what has undoubtedly been the most challenging event in our Company’s history and get back to the business of delivering memories, entertainment, and pizzas for another 40 years and beyond,” said McKiilips in the release. “I am incredibly proud of what the CEC team has achieved over the past year as we launched the All You Can Play value gaming platform, expanded our remodel program, and found new ways to engage with families while our venues were closed. I’m confident in the strength of our team and our world-class brands and look forward to more fully implementing our strategic plan as we put these financial challenges behind us.”The cases will be heard in the United States Bankruptcy Court for the Southern District of Texas, officials said. 1433

Nine West Holdings, which owns the Nine West and Anne Klein brands, has filed for bankruptcy.Friday's chapter 11 filing shows that the company owes more than billion.Nine West said in a statement that it plans to sell Nine West and its Bandolino line to Authentic Brands Group. ABG owns Juicy Couture and Aéropostale, among others.The company's eponymous brand and Bandolino both sell women's shoes, handbags and accessories.Ralph Schipani, the struggling retailer's CEO, said that the restructuring will help the company reduce debt and increase growth by allowing it to focus on its stronger brands, like Anne Klein and One Jeanswear Group."This is the right step," Schipani said. "We will retain our strong, profitable and growing apparel, jewelry, and jeanswear businesses." He added that the changes should help the company to "be well positioned for the future."Nine West said it expects to continue operating normally during the bankruptcy process.The company, which has been owned by Sycamore Partners Management since 2014, joins a growing list of retailers that have filed for bankruptcy this year. Claire's filed for bankruptcy last month, and Toys "R" Us in September. The toy seller said recently that it is closing or selling all of its US stores.Last year, more than 7,000 stores closed, which set a record.Retailers have been struggling to compete with online retailers like Amazon, and suffering from the death of the mall. Many have also struggled to survive under mountains of debt.The-CNN-Wire 1524