Circuit City back on-line?

circuitcitySystemax, Inc. has won a bankruptcy auction to acquire Circuity City’s intellectual property and its e-commerce business, according to a Reuters.

The deal is still subject to approval by the bankruptcy court in Richmond, which is scheduled to decide tomorrow.

Systemax, which also owns CompUSA and TigerDirect, originally offered a bid of $6.5 million plus a portion of revenue over a two-and-a-half year period. No word on what the final deal terms were.

You can read the Reuters article here.

circuitcitySystemax, Inc. has won a bankruptcy auction to acquire Circuity City’s intellectual property and its e-commerce business, according to a Reuters.

The deal is still subject to approval by the bankruptcy court in Richmond, which is scheduled to decide tomorrow.

Systemax, which also owns CompUSA and TigerDirect, originally offered a bid of $6.5 million plus a portion of revenue over a two-and-a-half year period. No word on what the final deal terms were.

You can read the Reuters article here.

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