toggle

AAPL Stock: 111.25 ( + 1.56 )

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 Apple, iPhone and Mac Newsletter

  • We will not share your email address with anyone.

    Follow us on Facebook

    toggle

    Most Popular

    Advertisement

    Recent Reviews

    ZTE Spro 2 Smart Projector

    Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

    MSI Geforce GTX 970 100ME

    When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

    Wren V5US Wireless Sound System

    If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

    toggle

    Most Commented