Circuit City could be sold

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Wattles: Circuit Could Be Sold In Two Months

In an interview with TWICE late this afternoon, the Ultimate Electronics owner said that multiple parties may be interested in the ailing CE chain, and that the buyer will likely be a private equity firm with deep-enough pockets to take the company private.


That scenario would be a win-win-win for shareholders, CE vendors and Circuit City employees, Wattles said, as it would keep the company well-capitalized and give it time to get back on track without the scrutiny and distractions of the public markets.