RadioShack Files for Bankruptcy; Sprint to Take Over Some Stores
Reuters reported RadioShack filed for U.S. bankruptcy protection 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.
According to Reuters , Sprint would operate as many as 1,750 of those stores under an agreement with Standard General, Sprint said separately.
Previously on abfjournal: RadioShack Said to Plan Bankruptcy Filing, February 5, 2015
To read the entire Reuters article, click here.