Earlier this week, Liberty Media offered $17 per share, or $1 billion for giant book retailer Barnes & Noble.
Shares of the company, however, jumped to $18.33 by the close on Friday, as Wall Streets expects a competing bid.
Furthermore, many believe the bid undervalues the company, which has been struggling for years now.
Liberty is bidding for the company in an effort to continue the strong sales and growth of the Nook e-reader and Nook Color e-reader/tablet.
Finally, the offer is conditional on founder and current Chairman Leonard Riggio keeping a stake in his company and staying involved in running the company.
Barnes & Noble has around 30 percent of the e-book market, has 720 superstores, and has been up for sale since August.
Result for: strong sales
As of the end of last month, Sony has shipped 50 million PS3 units worldwide and it appears that most of those consoles have been sold to consumers.
Additionally, Sony has sold 8 million Move motion control systems as of April 3rd.
The PS3 launched in late November and the Move was released in September 2010.
Including PSP owners, the PlayStation Network has 75 million registered accounts, with over 40 million expected to be active.
Sony is about 3 million units behind the Xbox 360, which had a one-year head start and has seen extremely strong sales since the release of the Kinect motion control system.
Result for: strong sales
According to Bloomberg, Amazon is on pace to sell 8 million Kindle e-readers this year, much higher than analysts have predicted.
The news agency cites people “aware of the company’s sales projections,” and says the 8 million sales figure should be hit easily. Analysts, on average, had anticipated 5 million sales.
These same sources also say Amazon sold 2.4 million Kindles last year.
Goldman Sachs had estimated 4-5 million, Caris & Co had predicted 4.8 million and Citigroup, Barclays Capital, BGC Partners LP and ThinkEquity all noted anticipated sales of 5 million.
Amazon recently began selling a thinner, lighter Wi-Fi-only model of their Kindle for $139, seeing strong sales after its launch.
The e-tailing giant has not confirmed the numbers.
Rivals Sony and Barnes & Noble do not disclose their e-reader sales, either.
