Get ready for more bad news articles about Borders this week. Sunday’s deadline passed with no new bidders willing to take over operations for the remaining stores, and the only bidder so far for tomorrow’s scheduled auction is a liquidation group. The Wall Street Journal says going out of business sales may begin at some stores as early as this Friday.

The only good news is that there’s still a chance parts of Borders might be salvaged, if a company like Books-A-Million steps in to acquire some of the stores. The WSJ says Borders is currently in last-ditch-effort talks with BAM and other unnamed parties.

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