16 bidders will participate in this Thursday’s Tower bankruptcy auction including Trans World who already operate the Musicland and Sam Goody chains. Another bidder is Chicago’s Radius Equity
Partners who has vowed to revive Tower’s troubled retail music stores.
Interestingly Tower founder Russ Solomon who had signaled he might make a bid chose not to make an offer prior to the deadline. Other bidders are only interested in parts of the chain (like the web site) and would move to liquidate others.
Sources: Sacramento Bee, LA Business
