It’s official, Borders, the second largest bookstore chain the U.S., has filed for bankruptcy. The company will continue to operate while it restructures, but it will be just a shadow of it’s former self. It has to close around 200 of its stores, about 30 percent. After that, it might need to close another 75.
Though the company hasn’t produced its own e-book reader, it has partnered with Kobo to sell its device, and it has established its own e-book store that is used by various e-reader apps for smartphones and tablets. We don’t know yet if the bankruptcy will affect those or not.