Here’s an interesting bit I picked up from a Shelf Awareness story this week…
William Ackerman, whose hedge fund Pershing Square Capital Management is the single-largest shareholder in Borders Group, owning about 30% of the company, suggested yesterday that Amazon.com should buy Borders, according to the Associated Press.
“Amazon could buy the company for about $400 million to get those locations that would take more than $1 billion to build,” he said. “You have to think of it like how Apple has retail stores across the country.” He added that Amazon is likely to lose the advantage it had of not collecting sales taxes in many states–making retail locations more attractive.
Borders put itself up for sale earlier this year. Ackerman said he had no knowledge of whether or not Amazon had approached Borders.
I also received an email this week from Border’s website telling me that Amazon was no longer fulfilling for their online business. The two have departed ways.
Interesting…..
