The Great Neostar Debate |
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The Auction |
With around 11 people now working in a
tiny Babbage's, all we could figure was that the Riggio issue would go through and we'll
just wonder who will stay and who will be asked to leave. Fate was happy to decide for us. The talks were cut off as well as any hope of the company staying alive. The result? Neostar would be put on the auction block Monday, November 25th. This raised more questions--mainly "Who are we going to be now?" I must say that our store really thought it was going to be Electronics Boutique. We even heard that Egghead was interested. In the end, neither company emerged victorious. To our amazement, Leonard Riggio's bid took it. His company, Software Acquisition Company LLC, was formed for the soul purpose of obtaining Neostar's remains. Here are some of his comments. As always, there was a catch. Out of all of the stores, 200 were not purchased. Stores would know the following Tuesday or Wednesday if they were to close their gates. |