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Title: RadioShack is gearing up to sell or shutter its stores, report says Post by: HCK on February 03, 2015, 09:00:17 am RadioShack is gearing up to sell or shutter its stores, report says
<article> <section class="page"> <p>A moment of silence middle-aged nerds: RadioShack is reportedly in talks to sell off half its stores to Sprint and then shutter the rest if it can't find a buyer for them. Bloomberg news cited sources close to discussions (http://www.bloomberg.com/news/articles/2015-02-02/radioshack-is-said-to-discuss-liquidation-as-part-of-sprint-deal) between the two companies, but officials with the Ft. Worth-based RadioShack declined to comment to Bloomberg. </p><p>RadioShack's stock suffered a 19 percent hit after the news broke. To help get through the holidays, RadioShack received a $120 million lifeline from hedge fund Standard General. Standard General already holds a 10 percent equity stake in RadioShack and is its largest share holder.</p><p class="jumpTag"><a href="/article/2878815/radioshack-is-gearing-up-to-sell-or-shutter-its-stores-report-says.html#jump">To read this article in full or to leave a comment, please click here[/url]</p></section></article> Source: RadioShack is gearing up to sell or shutter its stores, report says (http://www.macworld.com/article/2878815/radioshack-is-gearing-up-to-sell-or-shutter-its-stores-report-says.html#tk.rss_all) |