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Is Borders going away soon?
Mar. 20th, 2008 01:35 pmBorders (yes, the book store chain) stock has dropped dramatically in the last year, from a several-year average of about $23 to a low of about $8 yesterday, and today has been slammed to about half of that.
I know there was some talk of a Barnes-and-Noble purchase of Borders, but is B&N really doing any better in this Amazon/Wall-mart world?
EDIT: Apparently they are open to the idea of merger/sell-out, but they also have enough funding to continue operations for at least a year while they try to rearrange their business model. They'll probably sell-off more international subsidiaries, and create their own e-store (they've been working with Amazon). They'll probably change their Borders Rewards program again too.
I know there was some talk of a Barnes-and-Noble purchase of Borders, but is B&N really doing any better in this Amazon/Wall-mart world?
EDIT: Apparently they are open to the idea of merger/sell-out, but they also have enough funding to continue operations for at least a year while they try to rearrange their business model. They'll probably sell-off more international subsidiaries, and create their own e-store (they've been working with Amazon). They'll probably change their Borders Rewards program again too.
