05-14-2009, 11:07 PM
From todays LA Times...
Bankrupt Circuit City's brand, trademarks and e-commerce business were sold for $14 million to Systemax Inc., the same company that bought electronics retailer Comp-USA's intellectual property when it folded in 2008.
New York-based Systemax also agreed to pay Circuit City, of Richmond Va., at least $3 million from its revenue from the assets over 30 months.
Bankrupt Circuit City's brand, trademarks and e-commerce business were sold for $14 million to Systemax Inc., the same company that bought electronics retailer Comp-USA's intellectual property when it folded in 2008.
New York-based Systemax also agreed to pay Circuit City, of Richmond Va., at least $3 million from its revenue from the assets over 30 months.