Borders for Sale?

According to an article from the Associated Press, Borders announced on Thursday that it may put itself up for sale:

Shares in Borders tumbled more than 39 percent as the nation's second-largest bookseller said it was considering options including the sale of the company or certain divisions, and that it had lined up $42.5 million in financing to help it keep running through the year.

Borders cut back on its graphic novel division early last year after the departure of Kurt Hassler.