Well, we’re all aware of Borders’ very public bankruptcy and partial meltdown — I’m still waiting for word of additional store closures later this year — but there have also been some interesting recent developments with Borders’ biggest brick-and-mortar competitor, Barnes & Noble.

Liberty Media, a big firm that owns QVC and is heavily invested in Sirius XM, among other companies, has offered to buy Barnes & Noble for about $969 million, a decent premium over what the stock was trading at when the offer as made. That would actually be an interesting partnership though as this analysis points out, Liberty Media is probably much more interested in BN.com and especially the Nook than in operating brick-and-mortar bookstores.

As a follow-up, here’s an interesting little potted history of Barnes & Noble, from its origins in the 1970s to the present. No deep analysis here, but it’s a nice little overview.