Borders Considers Bid for Some Stores

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By Jason Boog Comment

Over the weekend, The Wall Street Journal published reports that Borders cannot find a buyer for all its bookstores but is now considering selling parts of the chain to an unnamed party.

Here’s more from the article: “The possible bidder, whose identity couldn’t be learned, has expressed interest in more than 190 of the chain’s remaining superstores, the large retail outlets that garner the bulk of the company’s revenues, those people said.”

The bookseller has not commented directly on these reports. Earlier this month, Borders CEO Mike Edwards told AnnArbor.com: “publishers are going to make or break our ability to transform this company at the end of the day.”