“The opportunities for Paper Source to work with Barnes & Noble are tremendously exciting for both businesses,” said Barnes & Noble’s CEO. / Source: CNBC.com Elliott Investment Management, the owner of Barnes & Noble, said Tuesday it will acquire gift and stationery retailer Paper Source. The acquisition will provide Paper Source with the funding it needs to emerge from Chapter 11 bankruptcy. Barnes & Noble CEO James Daunt will oversee both companies. While the two businesses plan to operate independently, it hinted at possible partnerships in the future. “With Paper…