Borders Dead at Age 40

theodp writes: There will be no storybook ending for Borders. The 40-year-old book seller could start shuttering its 399 remaining stores as early as Friday (store closing map). The Ann Arbor, MI-based chain, which helped pioneer the big-box bookseller concept, is seeking court approval to sell off its assets after it failed to receive any bids that would keep it in business. Hang on to those Borders Midnight Magic Party memories, kids!