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After Mexican billionaire Carlos Slim said Friday afternoon that he was looking to unload all he could from his investment in U.S. computer and electronics retailer CompUSA, the chain announced late Friday evening that it would sell itself to a private firm who would then shut down the entire chain by the new year.

It's been a rocky road for CompUSA this year. The chain announced that it would close half its stores earlier this year on failing performance and heavy competition from Best Buy (NYSE: BBY) and online computer retailers. CompUSA will apparently be selling all inventory in all stores at fire-sale prices until the first of the year, so if you're looking for a computer or flat-screen TV bargain, better suit up.

Continue reading Plug pulled on CompUSA: Retailer to close by year's end

Plug pulled on CompUSA: Retailer to close by year's end originally appeared on BloggingStocks on Mon, 10 Dec 2007 10:15:00 EST. Please see our terms for use of feeds.

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