Mar 20 2008
There have long been rumors of a sale/merger of Borders and Barnes and Noble. Analysts have commented on more than one occasion that this made sense. I think publishing folks generally dislike this notion across the board. Consolidation doesn’t help sales and it certainly doesn’t help midlist authors.
But according to the Washington Post, Borders is considering putting itself up for sale. It’s not clear from the article whether Borders is going to sell part of its business or all.
Borders, the nation’s second-largest bookseller, said Thursday it may put itself up for sale and has lined up $42.5 million in financing to help the chain continue operations.
This is certainly a development that could have far reaching outcomes not the least of which would be the increase of power by Amazon in the marketplace.