The Source by Circuit City is shuffling its 750 electronics stores across the country into the hands of Bell Canada for an undisclosed price.
The phone company said yesterday it will acquire Circuit City for considerably less than the $335 million paid by Circuit City in 2004 for the retail chain. U.S.-based Circuit City and its Canadian subsidiary sought court protection from creditors last year.
Bell Canada says it wants to use the stores to carry consumer services, such as Bell Mobility and Solo Mobile cellphones as well as television, Internet and phone products.
The company also said it would continue to operate the stores under The Source name, and carry a similar line of electronics.
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