Systemax Moves to Buy Circuit City Brand
The same company that brought CompUSA back from the dead last year is looking to do the same thing for Circuit City.
Systemax has reached a "stalking horse" agreement to purchase the Circuit City name, brand, trademarks and Web site, the AP reported Monday, citing court filings.
The agreement was for $6.5 million. Other companies will have an opportunity to submit bids of their own, pending a court ruling next month.