Barnes & Noble has decided not to bid for Borders Group, according to the Wall Street Journal.  According to the report, difficulties in obtaining financing to do the deal because of troubled credit markets and concerns about some Borders leases put a damper on B&N’s interest.  B&N had revealed in May that it had assembled a team to look at an acquisition (see “B&N Looking at Borders”). 

Borders hopes to complete its auction by the end of September, according to the report.