Judge approves RadioShack sale, preserving Sprint deal

Photo courtesy of Nicholas Eckhart/Flickr
Photo courtesy of Nicholas Eckhart/Flickr

The judge overseeing RadioShack Corp.’s bankruptcy proceedings will approve the sale of about 1,700 stores to the electronics retailer’s biggest shareholder, hedge fund Standard General LP. The move saves thousands of jobs and preserves a co-branding agreement between RadioShack and Sprint, the Overland Park, Kan.-based telecom company.

Standard General won an auction for RadioShack’s assets last week with a bid of about $145.5 million. A creditor of the Fort Worth, Texas-based retailer had called the auction a sham and asked the judge to reject the result.

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