Voices

Borders to Shut Down

Borders Group Inc. said it would liquidate after the second-largest U.S. bookstore chain failed to receive any offers to save it. Borders, which employs about 10,700 people, scrapped a bankruptcy-court auction scheduled for Tuesday amid the dearth of bids.

Voices

Borders in Last-Ditch Talks

Borders Group Inc. inched closer to liquidation Sunday after a bidding deadline passed without offers that would keep the U.S.’s second-largest bookstore chain in business, said people familiar with the matter.

Kobo’s Strategy Includes Hardware With Introduction of New Touch E-Reader

The bare bones e-reader that Kobo released in May 2010 was intended to help sell more of its e-books. But now the company is also seeing the merits of pursuing a hardware strategy, which includes today’s unveiling of an all-new touch-enabled device.
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ShopRunner Wants to Give Amazon’s Free Shipping Program a Run for Its Money

ShopRunner is planning to give Amazon a run for its money when it comes to its membership service that offers free two-day shipping for $79 a year.

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Chapter 11 for Borders, New Chapter for Books

Borders Group Inc. is in the final stages of preparing a bankruptcy filing, clinching a long fall for a company with humble beginnings that helped change the way Americans buy books but failed to keep pace with the digital transformation rocking every corner of the media landscape.

News Byte

Borders Secures Nearly $1 Billion to Make Bid for Barnes & Noble

Borders has secured enough capital to potentially buy Barnes & Noble to combine the two largest book-selling chains. In a document filed today with the Securities and Exchange Commission, Borders says that its shareholders, including Pershing Square Capital Management L.P. and its CEO, William A. Ackman, are willing to pay $16 a share. With about 57 million Barnes & Noble shares outstanding, the value would be $912 million, reports InternetRetailer.com. No timetable was set for any sale.

Another eBook Store? Yep! But This One's From Google.

Don’t want to buy your ebooks from Amazon, Apple, Barnes & Noble or Borders? Google is happy to help.

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Retailers Band Together for Online Shipping Promotion

Some 40 retailers and brands are joining a new loyalty program created by GSI Commerce Inc. to offer shoppers unlimited two-day shipping and returns across their online stores. The program, called ShopRunner, will cost $79 per year—the same as the Prime shipping program offered by the largest online-only retailer Amazon.com Inc.

E-Reader Race to Zero Speeds Up: Borders Cuts Prices on Kindle Killers You Probably Haven't Bought

If you haven’t bought a Kobo yet, you’re in luck–it just got 20 bucks cheaper. But it’s reasonable to assume that Borders’ e-reader will see its price drop again within a few months.

Connecticut AG’s Tech Probe o’ the Week: E-Book Prices

Connecticut Attorney General Richard Blumenthal is like the Stephen King of investigations: terrifying and terrifyingly prolific. This year alone he’s gone after Craigslist, Google and Topix — and now he’s drawn a bead on Amazon and Apple as well. Blumenthal said Monday that his office is investigating whether the agreements the two companies have with e-book publishers are anticompetitive.