Bloomberg Business Week)
Bankrupt bookseller Borders won court approval to sell intellectual property, including a customer database, to Barnes & Noble after resolving a dispute over shoppers’ privacy. The price was just under $14 million.
Judge Martin Glenn approved the transaction after reviewing new terms that will protect the privacy rights of 48 million customers.
B&N won an auction to buy most of the trademarks and intellectual property of Borders for $13.9 million. In addition to Borders’ trade names and the database, B&N bought the Waldenbooks and Brentano’s names.
The customer list could be useful, but I doubt that B&N would want to open stores with Borders, Walden or Brentano's signs on them.