Mexican billionaire Carlos Slim places a "Going-Out-Of-Business" sign on CompUSA

CompUSA, the computer and gadget retailer controlled by Mexican billionaire Carlos Slim, has been sold to a restructuring and investment firm that will close stores and sell some company assets.

The early reaction to this corporate liquidation is that few, if anyone, will miss CompUSA.

Mexican billionaire Carlos Slim invested over $2 billion into the electronics chain retailer, but the company simply couldn’t compete with Best Buy and Wal-Mart, which offered greater selection and more competitive pricing.

Adios, CompUSA!

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The consumer electronics store will run store-closing sales during the holidays to get rid of inventory.

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