They've been slumping in the stock market and sales compared Barnes and Noble, but here's another blow to their bottom line.
Borders Group has finalized its new financing agreement with Pershing Square Capital Management under terms more favorable than the original deal. One change is the lowering of the interest rate, from 12.5% to 9.8%, that Borders will pay on the $42.5-million loan from Pershing. Pershing has also upped its offer to acquire Borders's international subsidiaries, from $125 million to $135 million. Pershing will acquire the operations if Borders cannot find another buyer.Movie Tie-Ins
Expect some books in the near future to tie-in with these:
- Iron Man
- Indiana Jones and the Kingdom of the Crystal Skull
- Journey to the Center of the Earth 3-D
- The Dark Knight
- Untitled X-Files Sequel
- The Mummy: Tomb of the Dragon Emperor
- The Sisterhood of the Traveling Pants: Part 2
- The Backyardigans
- Care Bears
- Dora the Explorer
- Go Diego Go!
- Max & Ruby
- Wonder Pets
- Wow Wow Wubbzy!
Yes, I only included those that would interest me or other readers out there (I'm no big fan of Wow Wow Wubbzy!, but I do enjoy The Backyardigans (you can find the rest here).
For all you aspiring artists that draw comics, you may find Persepolis interesting (assuming you've not heard of it yet).
Kindle vs. Sony Reader vs. E-Books
This really isn't news as much as a poll. Do you prefer any of the above? Why? I know e-books are beginning to mass again for an attack on print, but I don't see them winning. Physical books are here to stay for a long while I think. I'm just curious who prefers what and why.
And for the record, I prefer straight e-books. They're free and I don't need any special hardware to view them.