In case you haven’t heard, Borders, the nation’s second largest bookstore chain, filed for Chapter 11 bankruptcy protection yesterday. Borders also announced it would be closing about 200 of its stores.
This has apparently left some Kobo owners nervous. Kobo Inc., the Canadian-based retailer that makes this e-reader and runs Borders’ ebookstore, says not to worry, however.
Unlike Barnes & Noble and Amazon, the ereader associated with Borders is not actually made or owned by Borders. This means the Kobo e-reader and the books stored on it will not be affected by Borders’ bankruptcy announcement.
Kobo Inc. even posted a blog yesterday to keep everyone’s fears at bay. Though the entry is fairly long and self-serving, we’ve included the pertinent parts below.
Kobo is an independent, financially secure company that provides a Global eReading Service… Your ebook library is perfectly safe. The Borders ebook experience is powered by Kobo, an entirely separate company from Borders. Kobo is financially secure and will continue to maintain your ebook library no matter what happens… Kobo will continue to provide ebook services to Borders customers through Borders.com and Borders apps and desktop software. You shouldn’t notice any difference in terms of service or selection… Borders will continue to offer phone and email customer service for devices purchased at their stores and Borders.com… As Borders is a minority investor and a minority of global revenues we see more upside in our future than downside from today’s news.