Report: Buyout firm in talks with Borders

New York City -- Private equity firm Gores Group is in talks to buy more than half of Borders Group's remaining stores, the Wall Street Journal reported on Wednesday, citing people familiar with the matter.



Borders, which filed for Chapter 11 bankruptcy protection in February, would be able to continue operating as a going concern, according to the report.



Other suitors are also talking with Borders, the Wall Street Journal reported.