Bloomberg reported the dismantling of RadioShack grew closer to completion with the auctioning of the electronics retailer’s name to hedge fund Standard General LP for $26.2 million.

According to Bloomberg, Standard General, which bought hundreds of RadioShack store leases in March, prevailed this week in the bidding for the bankrupt chain’s brand name, a trove of customer data and other intellectual property, the hedge fund said.

Previously on abfjournal.com: Final RadioShack Store Closing Sales Begin, April 2, 2015

To read the entire Bloomberg article, click here.