Outpost.com Switches to Fry's Electronics -- Three months after Outpost.com announced it would be acquired by PC Connection, that merger has fallen through due to too-low total revenues for the months of June, July, and August of 2001 (see "Outpost.com Acquired by PC Connection" in TidBITS-582). Now Outpost.com will be acquired by Fry's Electronics, a privately held Silicon Valley retail electronics store that has expanded throughout California and into Oregon, Texas, and Arizona. Fry's will pay $0.25 per share in cash for Outpost.com, plus loan the company up to $13 million to repay loans from PC Connection and provide working capital. Outpost.com will continue to operate under its own name and from its existing facilities. [ACE]
Quickly Attach to an Email Message
Want to start an email message that requires an attachment? Save a step or two by dragging the file's icon onto Mail's Dock icon - Mail automatically opens a new message window with the file already included as an attachment.
Visit MacTipster Blog
- Outpost.com Acquired by PC Connection (04 Jun 01)