Hi AppNewser readers - we're now a part of Mediabistro's SocialTimes.com. For more great App news, reviews, guides and tips, head over to InsideMobileApps.

Books-A-Million Pulls Offer for 30 Borders Stores

BAM!’s plans to expand into the northeastern US fell through yesterday, dashing the hopes of the customers and employees of those stores.

Books-A-Million had submitted a bid last week to buy the inventory, fixtures, and equipment for 30 Borders stores.Unfortunately, lawyers for the soon-to-be second largest US bookstore chain told the bankruptcy judge yesterday that they couldn’t work out a deal with Borders.

Clyde B. Anderson, Chairman, Chief Executive Officer and President said, “we worked exhaustively in an effort to acquire these stores and reach agreements with all of the parties whose consent was necessary. Unfortunately, we were unsuccessful.”

The exact details were not released, but it had been hoped by many that BAM! would be able to acquire the stores and thus prevent communities from losing an employer, community resource, and in some localities their only major bookstore.

The deal would have saved around 1,600 jobs. The liquidation of Borders stores began on Friday, with all stores scheduled to close by the end of September.

via

image by fsse8info

Related Stories
Mediabistro Course

Podcasting

PodcastingLearn to develop, create, and launch your own podcast! Starting October 23, Steve Belaner, the host of the weekly podcast The Gamut, will teach you how to determine the goals of your podcast, perfect your concept, contact and book guests, market your podcast,  and get your show up and running in just a few weeks. Register now!