Circuit City's intellectual property, internet-related property and customer information constituting its e-commerce business (brand, circuitcity.com, records of about 14 million web customers and a non-exclusive right to the 33 million store-customer Alpine Data), bought out of Chapter 11 by Systemax Inc.
a cash purchase price of $14.0 million, plus a revenue share guaranteed to be at least $3.0 million per sale of one company's brand, e-commerce assets and customer information
Dated 19 May 2009Source checked 20 Oct 2026Quote found on its page again 21 Oct 2026Basis: stated
In the source's own words
“Pursuant to the terms of the Asset Purchase Agreement, at closing the Company paid a cash purchase price of $14.0 million, and agreed to pay Circuit City a share of certain future net revenue generated by the acquired assets during the 30-month period commencing 30 days following the closing of the transaction, which share has been guaranteed to be at least $3.0 million.”
Where it was read
What it is about
Figures it counts in
- $3.4M per contractCompany records, sales that happened, per contract