Subscribe to this page now.

Borders files for Chapter 11 bankruptcy after e-book crush

02/16, 11:45am

Borders files for Chapter 11 protection, more

Last week's unofficial report of the Borders Group's near bankruptcy status is now official, as the company detailed its plans. The company has filed a petition for reorganization relief under Chapter 11 after the authorization of its board of directors. The deal will secure commitment for $505 million in debtor-in-possession financing from GE Capital, Restructuring Finance.

more

Advertisement

Connect with Us

Free Technology and Gadgets Newsletter

  • We will not share your email address with anyone.

    Follow us on Facebook

    toggle

    Most Popular

    Advertisement

    Recent Reviews

    Origin PC Millennium

    When it comes to PC gaming, there are two basic routes you can take. You can choose to purchase a built-to-order machine from one of t ...

    Jorno Bluetooth keyboard and stand

    The Jorno Bluetooth keyboard and stand for tablets certainly looks nice. The gunmetal grey shell of the keyboard looks great while the ...

    Apple 12-inch Retina MacBook

    It is an exciting time for consumer technology, with gadgets and devices that once used to the stuff of dreams now coming to fruition. ...

    Advertisement

    toggle

    Most Commented

     
    toggle

    Popular News