The failure to reach potential buyers with the purchase contract, difference between netbook and laptop the second largest U.S. bookstore chain Borders announced that the company give up 18 bankruptcy acquisition official to seek liquidation.
According to Borders statement issued the same day, difference between netbook and laptop the company's assets will be sold to Hilco and Gordon Brothers and other clearing provider. This wholesale best netbooks laptops accessories means that currently the company's nearly 400 existing stores would be shut down, 10,700 employees will lose their jobs. The company spokesman said the liquidation as early as the beginning of this month 22, and plans to the end of September this year.
Ann Arbor, Michigan-based company of the Borders on 16 February this year filed for bankruptcy protection, hopes by closing branches, restructuring of debt financing, etc. to turn around. Although the Borders company subsequently have been closed 230 underperforming stores, but still faces millions of dollars per month loss. According to reports, the investment firm Najafi raised to $ 215 million acquisition of Borders and assume its $ 220 million of debt, but Borders creditors Najafi company will be liquidated after the acquisition to be opposed on grounds , so the acquisition last week ended in failure.
Borders was founded in 1971, difference between netbook and laptop before filing for bankruptcy protection with 674 bookstores across the United States, about 19,500 employees. The company in April 2001, the textbook was not yet profitable Internet business to Amazon. With online shopping and the rise of electronic readers, consumers declining interest in physical bookstores, Borders in 2008 until the re-launch of the network textbook business, has been unable to compete with the flourishing of the Amazon. Textbook market in the network under the impact of Borders's deteriorating financial situation, market value has shrunk dramatically.
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