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Systemax salvages CompUSA brand, website, and up to 16 stores

Evan Blass

We're not sure how many people will be relieved by this news, but the few die-hard CompUSA fans out there can rest easy tonight, as the big box retailer will continue to live on as a ward of Ohio-based Systemax. According to Reuters, the TigerDirect owner will shell out around $30 million for the CompUSA brand, trademarks, e-tail business, and as many as 16 brick-and-mortar retail locations, although the particular sites have not yet been chosen. The acquisition -- which comes just a month after the company was sold to liquidation firm Gordon Brothers Group -- was justified by Systemax CEO Richard Leeds as being a good match for its Tiger Direct operation because he believes "the value of the CompUSA brand remains very high."

[Thanks, Quentin]

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