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Judge OKs Borders Auction

10 Aug, 2011 By: Chris Tribbey

A bankruptcy judge Aug. 10 approved a timeline for the sale of Borders Group’s intellectual property and real estate assets.

Borders will hold an auction for its remaining leases Aug. 31 and Sept. 13, while an auction scheduled for Sept. 14 will deal with the bankrupt retailers’ intellectual property.

Borders said it had retained Streambank LLC to help market the sale of its trademarks and assets related to Borders.com.

“Borders has established a worldwide reputation as a leading destination for buyers of physical and digital media, including books, eBooks, eReaders and related accessories,” Streambank principal David Peress said in a press release. “Borders remains engaged with its customers through the Borders.com e-commerce site which it expects to continue in business until transitioned to a new operator.”

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