received antitrust clearance from the
Federal Trade Commission
for its planned acquisition of online technical and professional book retailer
Barnes&Noble.com is planning to acquire Fatbrain for $4.25 a share. Shareholders will get 25% of that amount in cash and 75% in Barnes & Noble.com stock.
Shares of Barnes&Noble.com were recently up 4.1%, or 16 cents, to $3.94, while Fatbrain shares were up 2.4%, or 9 cents, to $4 in
In addition to the approval of both companies' shareholders, the deal is still subject to antitrust review for Barnes & Noble.com's stake in
, which it will acquire through its purchase of Fatbrain.