But he doesn't want anything to do with the Nook — just the stores and website.
So, what's the Barnes & Noble retail arm actually worth?
By some measures, Barnes & Noble's retail business may be worth "virtually nothing," Michael J. De La Merced at DealBook reported.
The overall company is valued at around $863 million and its total enterprise value is about $1.3 billion, according to S&P's Capital IQ.
In 2012, Microsoft and Pearson bought a 23 percent chunk of the Barnes & Noble's Nook division last year, which valued it at nearly $1.8 billion.
Obviously, Barnes & Noble won't just chuck its retail division away to its founder. It has nearly 700 stores and an e-commerce business.
But will it be able to sell it at a decent price?
More From Business Insider
- Barnes & Noble's Founder Has Made A Move That Could Save The Brand
- Here's How Literary Agents Use Technology To Find The Next Great Authors
- Author Slams CNBC For 'Selling Hope,' Says Bloomberg Is 'More Respectable'
- Investment & Company Information