BCE, Canada’s largest telecoms company, said Monday it would buy The Source, a national electronics retailer owned by Circuit City, more than doubling the number of retail locations that are either owned by BCE or have exclusive licences to sell its services. BCE, the owner of Bell Canada, will pay significantly less than the roughly C$335m ($259m) Circuit City paid when it bought The Source in March 2004, BCE said.

This entry was posted by Gwen Robinson on Tuesday, March 3rd, 2009 at 4:50 and is filed under Capital markets, M&A. Tagged with BCE, Circuit City, The Source. Edit this entry.