News

Amazon Buying Borders? Don't Bet on It, Says Stifel

Published on June 13, 2008
by Eric Savitz

Earlier this week, the hedge fund manager William Ackman of Pershing Square Capital Management floated the idea that the book retailer Borders Group (BGP) should consider selling itself to Amazon.com (AMZN). That would be certainly be a good thing for Ackman, since Pershing Square owns about 30% of Borders. He compared the concept of Amazon-owned retailer stores to Apple’s successful move into bricks-and-mortar retailing.

But for a variety of reasons, this seems like a long shot idea. Scott Devitt, an analyst at Stifel Nicolaus, says bluntly, “not a chance.”

Read the rest of this post

Return to: Amazon Buying Borders? Don't Bet on It, Says Stifel

URL: http://allthingsd.com/20080613/amazon-buying-borders-dont-bet-on-it-says-stifel/