Office Depot is buying(warning – AutoPlay Video) CompuCom in a $1 billion deal after the retailer’s shares suffered the worst decline in two months. The company described the acquisition as the first step toward becoming a seller of business services and technology — rather than a traditional retailer of paper, pens and staplers, which are less in demand as offices go digital.


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One must wonder if this will be enough to pull Office Depot out of the red going forward. I honestly had no idea what CompuCom was. Thanks to HardForum member termite I have learned it’s a hardware and software support company, that currently works with business clients only, however Office Depot states that it is planning to put CompuCom kiosks in all of its 1,400 stores.

CEO Gerry Smith said “We’re not looking quarter to quarter — we’re looking where are we going to win long term,” Smith said. “We’re very optimistic we’re going to change the value of the company with this acquisition.”

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Source: [H]ardOCP – Office Depot To Buy CompuCom For Billion