Jun 17 2008
Mobile Read has a couple of articles on the new debate of whether Amazon, rather than Barnes and Noble, should acquire Borders. William Ackman of Pershing Square Capital Management says aye (and Pershing has a 10% stake in Boders Group Inc) and Rich Aristotle Munarriz of the Motley Fool says nay. From a consumer standpoint, I’m not sure where I fall. I thought Amazon’s power was the lack of overhead that a brick and mortar business brings. I don’t want to see Barnes and Noble subsumed by Borders because I would think that would mean a reduction of diversity as Barnes and Noble would focus on selling the tried and true and would take less chances. Amazon, however, seems to be eyeing publishing industry domination which is also bad for the consumer.