Borders Bookstore Chain Closes After Bankruptcy and Unsuccessful Sale

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After a prolonged struggle and bankruptcy, Borders announced yesterday that no buyer could be found. Thus, the second-largest US bookstore chain is closing its doors.

Recently, Borders had added the Kobo Touch to its range and had also been active in the eBook market in the years prior. However, despite this focus, it was unable to compete successfully against the strong competition from Barnes & Noble and Amazon.

Around 11,000 employees are affected by the closure. The debts had recently totaled 1.3 billion US dollars.

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Even before Kindle launched in Germany, Chalid imported his first eReader from the US in 2007, driven by his passion for the technology. As founder and editor-in-chief of ePaper.tech and YouTube Channel "Chalid Raqami" he has tested over 150 eReaders, eInk tablets and other ePaper tech from various manufacturers since 2010. Learn more Learn more
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