Today Is Borders Last Day

Borders, the bankrupt chain that once owned 1,249 bookstores, will cease to exist at day’s end on Sunday (September 18).

Borders began liquidating its last 399 stores in July when a white-knight bid to purchase the business was opposed by creditors and lenders who argued they’d recover more if it Borders was liquidated immediately.

Yahoo adds:

A few vestiges of Borders will remain. Books-A-Million is taking over 14 stores. And bidders including Barnes & Noble and Malaysian company Berjaya Books (which operated some Borders in Malaysia) will take over $15.8 million in Borders’ intellectual property. That includes trademarks; the Borders, Waldenbooks and Brentano’s trade names; Internet domain names; and the e-commerce website.

[Thanks to David Klaus for the story.]

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