Circuit City eCom and IP Sell for $14 Million

The price of a bankrupt Circuit City: $14 million

The graphic on the right is from a post I did in January entitled: Circuit City Shorts Out

The electronics seller Systemax will buy e-commerce business and intellectual property of bankrupt company. 

NEW YORK (Reuters) -- Consumer electronics seller Systemax will pay at least $14 million for the e-commerce business and intellectual property of bankrupt electronics retailer Circuit City, according to an adviser on the deal.

Systemax (SYX) outbid "multiple strategic parties" and will pay $14 million cash, plus a share of future revenue generated from those assets over a 30-month period, according to Streambank LLC, an intellectual property consulting firm retained by Circuit City on the deal.

Continue Reading at CNN.com

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