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| A rapidly vanishing sight |
According to the
Wall Street Journal, Borders is finally taking the initial steps to full-fledged bankruptcy. After months of warning the market and watching its stock freefall into penny stock territory (a mere 25 cents a share as of publishing time), Borders announced it could file for Chapter 11 bankruptcy as soon as Monday. It's expected that Borders will be closing a third of their stores as it seeks to restructure its debt and find some way to stay afloat in a world where physical media is becoming increasingly irrelevant.
