The news that both Borders in the US and local book giant RedGroup (which runs Borders and Angus & Robertson locally) have gone into administration is likely to have caused panic for anyone who purchased the Kobo e-book reader sold by both chains. But it seems that for the moment, your e-books are safe.
As Nick at Gizmodo reports, Kobo has assured customers that their e-books will remain accessible even if those stores end up closing entirely. We'd really hope that wouldn't happen, but it seems that for now there's no need to worry about those purchases. Hit Nick's post for the full story.