PRN: Streambank, LLC to Manage Sale of Borders Group's Intellectual Property Assets
Streambank, LLC to Manage Sale of Borders Group's Intellectual Property Assets
NEW YORK, August 10, 2011 /PRNewswire/ --
The Bankruptcy Court for the Southern District of New York today approved the retention of Streambank, LLC to market and sell the intellectual property assets of Borders Group, Inc., including its BordersÂ®, WaldenbooksÂ®, and Brentano'sÂ® trademarks and the Borders.com e-commerce business assets. Â The Bankruptcy Court has authorized a sale process for the intellectual property assets that requires bids for the assets by September 8, 2011 and an auction on September 14, 2011.
Commenting on the sale, Streambank Principal David Peress noted "Borders has established a worldwide reputation as a leading destination for buyers of physical and digital media including books, eBooks, eReaders and related accessories. Borders remains engaged with its customers through the Borders.com e-commerce site which it expects to continue in business until transitioned to a new operator. Â In addition to its trademarks and e-commerce assets, Borders is the holder of a contiguous block of IPv4 addresses which it seeks to transfer to a qualified buyer." Â
In accordance with the Bankruptcy Court Order approving the intellectual property sale process, Borders has the ability to provide certain protections to bidders who make meaningful non-contingent offers for the intellectual property assets. Â Parties with an interest in the intellectual property assets should contact David Peress at +1-781-444-4940 or email@example.com for more information.
Streambank is an advisory firm, specializing in the valuation, marketing, and sales of intangible assets for businesses at all stages. Â Streambank identifies, preserves, and extracts value for clients through the application of experience, diligence and creativity. Â The firm's recent experience includes Robb & Stucky Furniture, Berkline/BenchCraft, Tavern on the Green, Anchor Blue, Movie Gallery, Circuit City Stores, KB Toys and other notable trademarks and brand names. Â Additionally, Streambank provides intangible asset valuation services to stakeholders in a variety of contexts including compliance and reporting, lending, and for the resolution of disputes. Streambank provides sound advice on value maximization strategies and liquidity options. Â Streambank is headquartered in Needham, MA and has offices in New York, NY.