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Magic Johnson invests in Vibe, Soul Train

Magic Johnson, who last year passed on a deal to buy Ebony and Jet magazines, will become chairman of Vibe Holdings, the owner of the magazines Vibe and Uptown and the Soul Train TV show. Get the full story »

Burkle to keep fighting Barnes & Noble poison pill

Billionaire investor Ron Burkle plans to appeal a Delaware court ruling that upheld a  “poison pill” put in place by bookseller Barnes & Noble Inc.

Burkle, Barnes & Noble’s second largest shareholder with 18.8 percent,  is locked in a proxy battle with the largest U.S. bookstore chain. He is seeking to install three directors, including himself, at the company’s annual meeting this month. Get the full story »

Burkle deal dead, Barnes & Noble girds for proxy fight

Barnes & Noble said it failed to reach a deal to end a rift with billionaire investor Ron Burkle, casting doubt on the bookstore chain’s ability to attract buyers and raising the specter of a proxy battle.

“Barnes & Noble and Yucaipa were unable to conclude an agreement on mutually acceptable terms,” the company said in a statement on Thursday, referring to Burkle’s investment firm. Get the full story »