We received a tip from an unproven source claiming to have knowledge of discussions within Apple to possibly purchase Barnes & Noble. While this might seem like a strange move at first, it actually makes a whole lot of sense. Apple would be able to take Barnes & Noble’s vast digital library of books and publications, and fold them into Apple’s own iBooks store. Apple would have no use for the NOOK, and that would likely be discontinued in this scenario. Apple could then convert some of the brick and mortar Barnes & Noble stores into Apple stores and close the rest. It’s out there, and with a price most likely around $1 billion to $1.5 billion, it might be a stretch (though it would barely make a dent in Apple’s giant pile of cash). It also almost makes too much sense for Apple to do this, said another source of ours, mentioning that Apple doesn’t make moves that appear logical to most outside observers at the time. This unproven source also said that iTunes 11 would be released in September along with iOS 5 and iCloud, and will support reading iBooks on computers as well as textbook purchases and rentals.

Jonathan Geller is the founder of Boy Genius Report, now known as BGR, and one of the biggest tech & mobile destinations in the world. BGR was acquired by leading digital media company PMC in April 2010 and Jonathan is President and Editor-in-chief of BGR Media, LLC. Jonathan was named to Forbes' coveted 30 under 30 list in 2016, and frequently appears as a commentator on news channels such as CNBC, Fox News, ABC News and Bloomberg.