Will it be a revitalization for B&N as seen with Waterstones...or asset selloff and bankruptcy?

Barnes & Noble has been acquired by Elliot Management Corporation in an all-cash transaction valued at about $683 million. Elliot acquired U.K. bookseller Waterstones in 2018. Waterstones CEO James Daunt will also become CEO of B&N and will be based in New York City. — Publisher’s Weekly