Alameda Borders a.k.a Barnes & Noble?

Now that we are (were?) on the verge of having a Borders in town at the Alameda Towne Center, comes this report that they might be sold to Barnes and Noble (among other options).

Struggling against both online and big-box retailers, the Borders Group, the bookseller, said Thursday that it had hired two investment banks to advise it on a potential sale and had turned to its largest shareholder for additional money.

Borders said it earned $84.7 million for its fourth quarter, down slightly from $87.7 million in the period a year ago. It is also pursuing “strategic alternatives,” a phrase that often includes a potential sale of parts or all of a company. Borders has hired JPMorgan Chase and Merrill Lynch as its advisers.

Wall Street has speculated for more than a year that Borders might sell itself to its larger rival, Barnes & Noble.

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