Borders Group, Inc. is finishing up preparations for the failure filing, according to “people familiar with a matter.” The company’s monetary troubles have been no secret as of late, and those same people informed with such matters contend that the filing could come as early as subsequent Monday, which will be followed by a closure of rounded off 200 of its brick as well as trebuchet stores, as well as plenty of pursuit losses. Borders has struggled with its digital participation, including the lack of e-reader (the Kobo partnership came pretty late in the diversion as well as isn’t unequivocally on the same level as Barnes as well as Noble’s Nook or Amazon’s Kindle), and the failure to snag a significant marketplace share of online sales. The people familiar with a matter caution which a filing could be behind by a few days, however, so we’ll have to lay upon the edges of the seats until someday subsequent week, probably. Hit the source for some-more monetary details.

Via Engadget

Dish Network has agreed to buy DBSD, the association now in Chapter 11 failure protection that’s reportedly working upon the scheme to tie together heavenly body as well as ground-based antenna communication for wireless phone as well as internet assistance, pending approval by a FCC. Dish pegs the squeeze price at about $1,000,000,000 (subject to sure adjustments) together with the seductiveness on DBSD’s debts. Exactly what the intentions for the company have been sojourn a poser, as The Hollywood Reporter quotes mystified analysts similar to Craig Moffett suggesting theories together with wireless internet assistance, mobile TV, or an integrated satellite/phone/TV gold to contest with cable operators. SpaceNews.com has the most extensive relapse, from Dish’s primary $45 million investment behind in 2009, to a recent FCC preference upon the identical hybrid assistance from LightSquared which may have caused DBSD’s spectrum & technology to unexpected turn much some-more valuable. Whatever it is, they deliberate it value writing an horrible large check for, nonetheless we can’t assistance though wonder if they couldn’t have damaged some of that money off to trade with this whole TiVo issue.

Show full PR textDISH Network to Purchase DBSD, Developer of U.S. Hybrid Communications System

ENGLEWOOD, Colo., Feb. 1, 2011 /PRNewswire/ — PLATE Network Corporation (Nasdaq: DISH) announced today that it has entered into an agreement to take 100 percent of a equity of the reorganized DBSD North America, Inc., a hybrid heavenly body and human communications company, for approximately $1 billion subject to certain adjustments, including seductiveness accruing upon DBSD North America’s existing debt.

(Logo: http://photos.prnewswire.com/prnh/20100611/LA19624LOGO)

PLATE Network is also committing to yield a debtor-in-possession credit facility to DBSD North America in tie with filings underneath Chapter 11 of the U.S. Bankruptcy Code. The credit facility, which remains subject to capitulation by the Bankruptcy Court, will include of the non-revolving, mixed pull term loan in a aggregate principal volume of $87.5 million.

This transaction is to be finished on compensation of sure conditions, including capitulation by a Federal Communications Commission and DBSD North America’s emergence from failure.

Detailed report is available in PLATE Network’s Form 8-K filed currently with the Securities and Exchange Commission.

About DISH Network

DISH Network Corporation (NASDAQ: PLATE, through its subsidiary PLATE Network L.L.C., provides more than 14.2 million satellite TV customers, as of September 30, 2010, with a highest quality programming as well as technology during a best worth, together with HD Free for Life. Subscribers enjoy industry-leading client compensation, a largest tall clarification line-up with more than 200 national HD channels, the most general channels, and award-winning HD and DVR technology. PLATE Network Corporation is a Fortune 200 association. Visit www.dish.com.

SOURCE PLATE Network Corporation

News Provided by Acquire Media

Via Engadget

It’s not official, but gossip that Blockbuster is preparing to record for bankruptcy in September is positively plausible. Expected even. According to multiform sources vocalization to the Los Angeles Times, Blockbuster arch senior manager Jim Keyes along with representation from Blockbuster’s comparison debt holders met final week with a 6 major movie studios to announce a company’s goal to enter the mid-September bankruptcy. Meetings which no doubt hoped to secure an undeviating upsurge of brand-new content from Hollywood as Blockbuster restructures its $920 million in debt as well as closes another 500 of its 3,425 US stores. In its quarrel to sojourn applicable in a age of digital downloads / streaming, Blockbuster has mislaid $1.1 billion since early 2008. It’s approaching which Blockbuster’s debt holders will expected own a estimable portion of the company when all is pronounced as well as finished. We call dibs on those Archos 10 netbooks.

Via Engadget

Things were seeking bad for iRex Technologies the few months behind. Its DR 800 e-reader didn’t get to retail in time for a holiday season as well as, at $450, it wasn’t just cost competitive anyhow. As the association filed bankruptcy, CEO Hans Brons remained confident, saying “expectations have been still certain,” as well as right away we can see because: a association is being reborn as IRX Innovations. This time it will skip the annoying retail market exactly, hoping to find businesses willing to pay a roughly 100% reward over a comparable 3G Kindle or Nook or what have you. It’s misleading whether IRX will be offering the same products or will begin showing off brand-new, more business-minded ones, but with a WiFi Kindle now shipping for a small $140 we’re anticipating a brand-new company has a little obtuse expensive offerings.

Things stateside haven’t gone a way of Blockbuster Portugal (yet) though whilst the Blockbuster was able to have arrangements with creditors and avoid failure this week, it will be forced to delist from a New York Stock Exchange after the due reverse stock separate fell through. Even a extension upon debt payments it was means to come to terms hasn’t satisfied analysts, with our aged friend Michael Pachter telling Reuters “there’s zero on a setting that creates it look similar to Blockbuster is starting to be some-more essential.” Ouch. A substantial amount of debt has long been a problem for Blockbuster as it tries to adjust to a changing marketplace with Redbox and Netflix, as well as with shares trading during .18, has right away made the existence some-more unsafe than ever.

Chrysler’s Peapod area electric vehicle regularly seemed like some-more of an experiment than the profit-maker, and unfortunately idealism isn’t too renowned with creditors — according to Edmunds , the Peapod was canceled in March as partial of a company’s failure record. Apparently bettering a Peapod’s button-cute design to federal safety standards was overly expensive, so Chrysler as well as brand-new part-owner Fiat will modify the existing Fiat 500 to electric operation. The Peapod pattern and alternative resources have been up for sale, so there’s a chance someone else will collect up a pieces, and Peapod designer Peter Arnell may nonetheless setup the full-speed EV in the destiny, so we’ll keep our eyes open.

It isn’t throwing in a towel just nonetheless, but things don’t seem to be seeking great for Netherlands-based iRex Technologies — CEO Hans Brons has only announced that the association has been forced to file for Chapter 11 failure protection amid a string of problems that’s led to “monetary difficulties.” While sum have been differently still pretty light, at least a little of those problems appear to be associated to the company’s operations in the United States and, in sold, a delay in the DR 800 e-reader reception FCC capitulation that caused iRex to miss out a legal holiday shopping season as well as entirely take advantage of the understanding with Best Buy. As bleak as things competence be, however, Brons still seems to be gripping his chin up, saying which the “expectations are still certain.”