RUMOR MILL
Monday, July 18, 2011
Borders to Liquidate
BORDERS GOING SOUTH: Borders is looking to the courts to approve a liquidation plan for its remaining bookstores after failing to receive any bids that would allow the company to continue its operations, according to AP. Liquidation sales could start as soon as Friday after the U.S. Bankruptcy Court of the Southern District of N.Y. approves the move on Thursday. Borders had been seeking a new white knight bidder after a $215 million bid by private-equity firm Najafi Cos. dissolved late last week. Creditors and lenders argued the chain would be worth more if it liquidated immediately. The company has closed more than 200 stores, leaving 405 in operations. (7/18p)
HIPGNOSIS BOARD APPROVES UPPED BLACKSTONE BID
But it ain't over till it's over. (4/29a)
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THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
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JAMES KING: THE HITS INTERVIEW (PART ONE)rumor mail
