Kobo responded to Border’s bankruptcy announcement today with a reassurance for everyone who bought ebooks from Borders. A long FAQ is posted over on the Kobo blog, if you’re interested, but the key detail is that there is no reason to worry about your Borders ebooks.
Kobo is doing just fine, and it’s not going anywhere. Your Borders ebooks are safe; Kobo has been running the servers all along. Even after Borders shuts down, Kobo will still support your ebook library and your Kobo eReader.
Will I lose access to ebooks I have purchased at Borders.com?
Your ebook library is perfectly safe. The Borders ebook experience is powered by Kobo, an entirely separate company from Borders. Kobo is financially secure and will continue to maintain your ebook library no matter what happens.
What does this mean for the relationship between Kobo and Borders?
Kobo is just fine (and it’s sweet that you’re concerned.) Borders is an important book retailer in the US market, but its ebook sales represents a minority of Kobo’s worldwide sales. As a global ebook retailer delivering books to over 100 countries on any given week, Kobo realized long ago that diversification across retailers and markets was important as the book industry went into a period of radical transformation. We feel confident that we’ll be with you for years to come.
Note that there’s no mention of Borders gift cards, which suggests the payment systems were maintained separately.