Barnes & Noble Education Inc. (NYSE: BNED) has bought MBS Textbook Exchange LLC, a virtual bookstore operator in the U.S., for $174.2 million in cash. The MBS deal comes as BNED saw a 3.3 percent decrease in textbook sales, according to the buyer’s second quarter earnings report for fiscal year 2017.
MBS is a Columbia, Missouri-based wholesaler of new and used textbooks to more than 3,700 physical college bookstores. The target also operates more than 700 e-commerce bookstores with cost-efficient digital course materials. MBS currently sources BNED’s 770 campus bookstores and operates textbooks.com, an e-commerce website for new and refurbished books.