Incrementally city brand and domain name sold 6.5 million dollars

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The buyer is Systemax, a company that spent 30 million of dollars last year buying the trademarks and shops of computer retailer CompUSA.

According to the documents filed by the Circuit City to the bankruptcy court, the company has reached an agreement with Systemax that the other party has agreed to pay 6.5 million dollars. However, under bankruptcy proceedings, these assets will also need to be publicly auctioned on May 11, when other bidders pay higher prices, Systemax is expected to increase the bid.

Circuit City said that the transfer of trademarks and domain names will give Circuit City creditors to make up a lot of lost assets.

Last November, Circuit City filed for bankruptcy Law 11-style bankruptcy, hoping to reorganize after the reorganization, but in January, the circuit City and potential buyers of the negotiations fell into failure, so announced the liquidation of the end of operations. March 8, the company closed bankruptcy liquidation. It is reported that the Circuit city's debt as high as 2.3 billion U.S. dollars, they closed the entire United States 567 shops, layoffs 34,000 people.