RadioShack Corp. is preparing to go out of business and sell up to half of its stores to Sprint Corp. as part of a bankruptcy deal, according to sources familiar with the discussions.
The remaining stores would operate under Sprint’s name, meaning Fort Worth, Texas-based RadioShack would cease to exist as a standalone retailer after close to a century of selling electronics.
However, sources say negotiations could break down or terms of the proposed deal could change. The companies have also discussed co-branding the stores.
Sprint CEO Marcelo Claure told investors last month that the Overland Park, Kan.-based wireless carrier was looking to add retail locations.