A blog post from Kobo explains the situation, assuring customers that nothing will change: "Kobo is an independent, financially secure company that provides a Global eReading Service." Additionally, titles purchased through Borders will continue to be available to users, and customers will still be able to purchase titles through Borders.com.
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Amid the sad news that Borders has filed for bankruptcy protection and that many of its stores will shutter, the chain assured Kobo users that the service will still be supported. While the Kobo was available exclusively through Borders, it's actually its own company, a spin-off of Canada-based Indigo Books & Music.