On June 25, 2014, Barnes & Noble, Inc. announced that its Board of Directors has authorized management to proceed with plans for the separation of the Barnes & Noble Retail and NOOK Media businesses into two separate public companies. Cravath is representing Barnes & Noble in connection with this transaction. Barnes & Noble aims to complete the separation by the end of the first quarter of next year.
The Cravath team is being led by partners Scott A. Barshay and Andrew R. Thompson.