RealNews

Mexican billionaire acquires 28% stake in Circuit City Stores

Mexican billionaire Ricardo Salinas Pliego has gained a 28% stake in Circuit City Stores Inc., which is under Bankruptcy Court protection. Salinas, who controls a chain of Latin American electronics stores and Mexico’s No. 2 broadcaster, TV Azteca, owned 47.2 million shares of Circuit City as of Nov. 14, according to documents filed Monday with the Securities and Exchange Commission.Full_Story

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