Shares of Barnes & Noble (BKS) were climbing over 4% in Thursday morning trading on reports that the bookseller has been working with Guggenheim as a financial adviser to possibly explore a sale of the company, according to DealReporter, as reported by Bloomberg. 

Barnes & Noble was also said to be in discussions with Apollo Global Management (APO) , and one other potential private equity firm including Platinum Equity.

A Barnes & Noble spokesman said that the company was not currently engaged in the sales process, the report said. 

Shares of Barnes & Noble are lower over 32% year-to-date. 

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