B&N finally found a buyer ... they are doing the closing sale dance with John Malone's Liberty Media which will keep Leonard Riggio in place.
And in the latest Borders installment this morning, it appears the remaining 40 stores on the original 51 stores to be closed this summer have also now been given a reprieve. It still needs court approval next week:
http://online.wsj.com/article/SB1000...167582350.html
That would rescue the Boston store mentioned at post 10 of this thread, the one on School Street, if I am reading this announcement correctly. It also suggests there are serious buyers in the wings for a substantial portion of the existing business.