Ron Burgundy Posted February 6, 2015 Share Posted February 6, 2015 Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest shareholder. Wireless company Sprint Corp would operate as many as 1,750 of those stores under an agreement with Standard General, Sprint said separately. RadioShack's bankruptcy, which has been expected for months, follows 11 consecutive unprofitable quarters as the company has failed to transform itself into a destination for mobile phone buyers. RadioShack said in a statement that the Standard General affiliate, called General Wireless, would acquire between 1,500 and 2,400 of its 4,100 stores. View the full article Quote Link to comment Share on other sites More sharing options...
Fry Posted February 6, 2015 Share Posted February 6, 2015 Always wondered how they stayed in business lol. Quote Link to comment Share on other sites More sharing options...
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