Nope. Chapters-Indigo is the majority owner; US-based Borders, Instant Fame, a subsidiary of Cheung Kong (Holdings) Ltd., and REDgroup Retail Pty Ltd. are the other co-owners. Chapters owns 58%; Borders "under 20%; and the remain 22% by the other partners. See March 1, 2010 article in Canadian Business: http://www.canadianbusiness.com/mana...01_10019_10019
It helps explain why Kobo is not the only e-reader Borders sells.