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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. [10] [11] 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.
Neostar Retail Group, Inc. sells consumer software products. The Company markets personal computer entertainment, productivity and reference software, education, video game systems, and...
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1994 Merger with Software Etc., Creating NeoStar Retail Group. Babbage's entered 1994 with a 300-store chain and plans to open between 30 and 40 more stores that year. As a result of holiday season price reductions, Babbage's stores had substantially reduced their inventory.
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 ]
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.
Nov 12, 1996 · After failing to secure other financing, Neostar Retail Group of Dallas, which operates the Babbage's Inc. and Software Etc. Inc. software stores, said yesterday that it would auction off its...
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Free and open company data on Texas (US) company NEOSTAR RETAIL GROUP, INC. (company number 0010251806), 2250 WILLIAM D TATE AVE, Grapevine, TX, 76051.
