Deals
Borders to Sell Intellectual Property to Barnes & Noble
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Borders Group Inc., the bankrupt bookseller, won court approval for the sale of its intellectual property, including a customer database, to competitor Barnes & Noble Inc. after resolving a dispute over shoppers’ privacy.
U.S. Bankruptcy Judge Martin Glenn in Manhattan today approved the transaction after reviewing new terms between Ann Arbor, Michigan-based Borders and Barnes & Noble that will protect the privacy rights of 48 million customers.