RadioShack is gearing up to sell or shutter its stores, report says<article>
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<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 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>
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RadioShack is gearing up to sell or shutter its stores, report says
