Report: Sprint in talks to acquire up to half of RadioShack stores

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.

Read more from Bloomberg

 


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