A fascinating NASA presentation suggests that in July 2012 Earth was one week away from being struck by a massive solar storm that would have had devastating effects. Can this be?
The $300 supersize phone lands its first US distributor: Fry's Electronics.
Features of the 120GB Microsoft music player, which has recently shown up on the retailer's shelves and site, include "Device to Cloud" customizable music channels, and free games.
Fry's Electronics has completed its acquisition of electronics e-tailer Cyberian Outpost, the companies announced Thursday. Privately held Fry's agreed to pay 25 cents per share for each outstanding share of Outpost stock. Outpost, which operated the Outpost.com Web site, will become a subsidiary of Fry's and its stock ceased trading on the Nasdaq after the market closed Thursday. After withdrawing a previous takeover bid in August, Sunnyvale, Calif.-based Fry's agreed to acquire Outpost in September. Last month, Fry's dropped plans to acquire Outpost competitor Egghead.com.
Electronics retailer Fry's Electronics has cancelled its $10 million deal to acquire online retailer Egghead.com, according to a report. San Jose, Calif.-based Fry's last week exercised its right to pull back from the agreement, the Associated Press reported, which was reached in August after Menlo Park, Calif.-based Egghead filed for Chapter 11 bankruptcy protection. Egghead alleges that Fry's secretly decided to call off the deal just before Labor Day when it decided to acquire Egghead's competitor Cyberian Outpost for $7.9 million, or 25 cents a share, according to the report.
Fry's Electronics has agreed to purchase electronics e-tailer Cyberian Outpost for 25 cents a share in cash, or about $7.9 million, the companies have announced. As part of the deal, which requires the approval of Outpost shareholders, Fry's will loan Outpost up to $13 million pay off debts to former suitor PC Connection and other creditors and to continue operations, according to Friday's announcement. Privately held Fry's resumed acquisition talks with Outpost last week after breaking them off earlier in the month. Outpost signed an agreement to merge with PC Connection in May, but that deal foundered last month after Kent, Conn.-based Outpost told PC Connection that it might not meet the net worth requirements of their agreement. Sunnyvale, Calif.-based Fry's, which operates a chain of electronics stores in California, Texas, Arizona and Oregon, agreed last month to pay $10 million to buy the assets of electronics e-tailer Egghead.com, which filed for Chapter 11 bankruptcy. Despite the deal with Outpost, Fry's officials said the company will continue to pursue its acquisition of Egghead's assets, which must be approved by the bankruptcy court.
The electronics retailer has resumed negotiations with Cyberian Outpost just days after announcing an agreement to acquire the assets of Outpost rival Egghead.com.
Fry's Electronics has withdrawn its bid to take over e-tailer Cyberian Outpost, according to a regulatory filing. Fry's, which owns 3.5 million shares, or 11 percent, of Outpost stock, offered last month to purchase all the outstanding shares of Outpost for 70 cents a share. In a letter released with Outpost's regulatory filing, Fry's did not say why it is abandoning the takeover bid. The offer by privately held Fry's followed a merger agreement signed between Outpost and PC Connection in May. As part of that agreement, which is subject to shareholder approval, PC Connection plans to exchange 0.035 to 0.062 shares of its stock for each share of Outpost stock, depending on both PC Connection's stock price at the time the merger is complete and on Outpost's revenue. Fry's is a brick-and-mortar electronics retailer with stores in Arizona, California, Oregon and Texas.
The electronics retailer has acquired nearly 10 percent of the electronics e-tailer, according to an SEC filing.
Fry's Electronics threatens to sue a man who posted the company's newspaper advertisements on his Web site, according to the site's owner.