Canadian Telecom Company BCE Buys The Source From Circuit City
Circuit City has found a buyer for their Canadian subsidiary The Source. Canadian telecommunications BCE has acquired the 750 stores from Circuit City for an undisclosed amount. BCE and Bell plans to expand their retail prescence through this acquisition.
Bell has been looking for a way to expand sales for their “wireless, digital TV, Internet and home phone services.” Circuit City is in the process of going bankrupt and liquidating all of their assets.
[via DealBook]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry