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The continuing melodrama at Barnes & Noble Inc. is a page-turner. But wise readers will keep Leonard Riggio, founder, chairman and largest shareholder of the U.S. bookseller, in mind even while the Microsoft rumours percolate. A report last week had Microsoft – already an investor in Nook (Pearson, parent of FT, is also an investor) – preparing to acquire the digital business for $1-billion (U.S.), only for a subsequent report to dismiss an imminent offer. Mr. Riggio though lurks in the background; He expressed interest in acquiring the Barnes’s physical stores in February. Since then little has been heard about the details of his offer but upcoming fourth-quarter results are the perfect place to start the company’s next chapter.