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R.I.P. Borders

Filed under: Legal MattersR.I.P.Sad SadBusiness Blitz

borders-closes-down

Wow. And just like that, it's gone.

After filing for bankruptcy in February and failing to generate interest in an auction yesterday, Borders Bookstores will close 400 of its locations nationwide, and will lay off 10,700 employees.

According to President Mike Edwards:

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