You almost had to see this coming. Systemax, parent company of TigerDirect and CompUSA now has another brand in it’s fold. TWICE is reporting that the company has also secured the rights to the IP and e-commerce assets of Circuit City.
According to TWICE:
The amount of the winning bid was not disclosed, although Systemax had initially offered Circuit City $6.5 million and a percentage of sales for 30 months. Other bidders were believed to include Gordon Brothers and Hilco Consumer Capital, which helped liquidate Circuit City’s stores and had formed a joint venture to acquire its brand and online operations.
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