Since web sites like Chegg and BookRenter started renting textbooks, some students have been avoiding college bookstores. Now, the bookstores want in on the game, reports the New York Times. BookRenter announced June 3 that it has partnered with more than 75 college bookstores to rent textbooks. It also announced that it has raised $10 million in venture capital from Norwest Venture Partners and its previous investors, Storm Ventures and Adams Capital Management. BookRenter and Chegg are in head-to-head competition, but with different business models. Chegg has raised $146 million and operates a warehouse in Kentucky, near the UPS, from...

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staff and wire services reports