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Company profile page for Neostar Retail Group Inc including stock price, company news, executives, board members, and contact information
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Babbage's merged with Software Etc., an Edina, Minnesota -based retailer that specialized in personal computing software, to create NeoStar Retail Group in 1994. [8] [9] The merger was structured as a stock swap, where shareholders of Babbage's and Software Etc. received shares of NeoStar, a newly formed holding company.
Nov 27, 1996 · A group of investors led by Barnes & Noble founder Leonard Riggio acquired the assets of Neostar Retail Group, a software chain of 460 stores, for $58.5 million. The company was renamed Babbage's Etc. and reopened after bankruptcy.
Free and open company data on Texas (US) company NEOSTAR RETAIL GROUP, INC. (company number 0010251806), 2250 WILLIAM D TATE AVE, Grapevine, TX, 76051
In 1996, NeoStar Retail Group Inc., then owner of Software Etc. and Babbage's, filed for Chapter 11 bankruptcy and put the two chains up for sale. By November, NeoStar had failed to find a buyer and announced that all 707 stores owned by the company would close in the next year. [10]
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The deal was structured as a stock swap in which both Babbage's and Software Etc. shareholders received shares in a newly formed holding company, NeoStar Retail Group, Inc. Babbage's, Inc. and Software Etc. Stores, Inc. became subsidiaries of NeoStar, and each chain retained their separate identities.
