Bell Buys The Source Circuit City Stores in Canada

By Hercules Kataveli, B2P
Published on Tuesday March 3, 2009 at 2:38 am ET
Updated 08-23-10, 3:18 pm ET

bellCircuit City recently went bankrupt in the U.S. costing thousands of jobs. “The Source” stores by Circuit city have now been acquired by Bell Canada, all 750 stores. Bell President and CEO George Cope said, “With its strong national presence, brand, and management team, acquiring The Source represents a competitive and cost-effective approach to ensuring Bell’s leadership in delivering the best communications products to Canadians,” Mr. Cope said. Cope went on to say “[The] acquisition supports Bell’s strategic imperatives to accelerate wireless and leverage momentum in wire-line services like Bell TV,” The acquisitions should be completed by Q3 2009. No valuation was disclosed.

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Hercules holds a B.Comm Finance from Ryerson University in Toronto, Canada. He is a Chartered Financial Analyst (CFA) level 3 candidate. He was previously a contributor at FiLife, a finance website owned by Dow Jones and IAC. Write to [email protected]
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  • http://www.canadapaymentprocessing.com Dat To

    Now Bell will have another 750 outlets to sell their products/ services. It's unbelievable how many companies that people find common place or going or have gone out of business.

  • http://www.canadapaymentprocessing.com Dat To

    Now Bell will have another 750 outlets to sell their products/ services. It's unbelievable how many companies that people find common place or going or have gone out of business.

  • http://www.canadapaymentprocessing.com Dat To

    Now Bell will have another 750 outlets to sell their products/ services. It's unbelievable how many companies that people find common place or going or have gone out of business.

  • http://www.canadapaymentprocessing.com Dat To

    Now Bell will have another 750 outlets to sell their products/ services. It’s unbelievable how many companies that people find common place or going or have gone out of business.

  • Eleanor

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