April 6, 2018
Electronics retailer RadioShack has filed for bankruptcy and signed a tentative agreement to sell between 1,500 and 2,400 of its 4,000 U.S. stores to Sprint.
Following court approval, General Wireless will take ownership of 1,500 and 2,400 of the company's stores, which Sprint will then buy and use to establish a "store-within-a-store" retail presence. The remaining RadioShack-owned stores will be closed.
The bankruptcy filing and sale do not apply to the 1,000-plus dealer franchise stores currently operated in 25 countries worldwide, stores operated by RadioShack's Mexican subsidiary or the company's Asia operations.
Read more about:RadioShack
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