SYSTEMAX, a Fortune 1000 seller of computer and electronics goods in North America and Europe, announced Sunday that it will buy the CompUSA brand and trademarks, e-commerce business and up to 16 retail stores in Florida, Texas and Puerto Rico for about $30 million plus indirect costs.
Roughly, that works out to about 15 per cent of CompUSA's 103-store chain, on which Mexican billionaire Carlos Slim Heru's Grupo Carso SA spent somewhere in the neighborhood of $1.5 billion since 1999.
Talk about pennies-on-the-dollar. Sheesh!
More details here. ยต
See Also
CompUSA
will go out of business