Gores Group in Talks with Borders

The Gores Group is in talks to buy more than half of the remaining stores of bankrupt bookseller Borders Group Inc., Reuters reported, citing a story in the Wall Street Journal. Borders, which filed for Chapter 11 bankruptcy protection in February, would be able to continue operating as a going concern, Reuters wrote. Since filing for bankruptcy, Borders has closed about 225 of its 500 stores.

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