Activist to Fund Borders, Barnes and Noble Deal

(NECN) - Borders bookstore is getting help in a bid to buy rival Barnes and Noble.

Yesterday, activist investor William Ackman offered to finance a $963 million purchase.

Ackman is known for getting involved in the operations of companies he holds stakes in, including Mcdonald's, Wendy's and Target.

Borders and Barnes and Noble operate about 1400 stores combined, many of which could be closed if they were to combine forces.

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