The story behind this is dubious; the majority owner is reportedly selling out to a mega-retailer (of new/used CD/DVD and games) who will soon be entering the area. My suspicion is that this is a made-up story and his stores are no longer sufficiently profitable and he wants to retire. Why would a California-based megastore operation give a damn about flea-sized competition? Why would they need to "buy him out"? I think his employees and minority owners are being hung out to dry while they wind down his business for him.