From http://www.detnews.com/article/20111201/BIZ/112010483/1361/Borders-selling-I...
Borders selling Internet addresses for $786,000 Bill Rochelle/ Bloomberg News Borders Group Inc., the liquidated Ann Arbor-based bookseller, will generate $786,000 by selling Internet addresses, thanks to the current shortage. In September, Borders was authorized to sell most of the intellectual property to Barnes & Noble Inc. for $13.9 million. Borders' block of 65,536 IPv4 Internet protocol numbers weren't sold. After negotiating with multiple prospective buyers, Cerner Corp. agreed to buy the Internet addresses for $12 each. Other bids were as low as $1.50 each, according to a bankruptcy court filing. The sale to Cerner is scheduled for approval at the Dec. 20 hearing where Borders also hopes the bankruptcy court will confirm the liquidating Chapter 11 plan. The plan distributes assets in the order of priority called for in bankruptcy law. The disclosure statement says unsecured creditors with $812 million to $850 million in claims can expect to recover from 4 percent to 10 percent. The projected recovery doesn't include proceeds from lawsuits. Borders completed liquidating the remaining stores in September and separately sold store leases and intellectual property. Borders had 642 stores on entering bankruptcy in February and was operating 399 when the final liquidations began. It listed assets of $1.28 billion and liabilities totaling $1.29 billion.