Radio Shack Files for Bankruptcy

Radio Shack Files for Bankruptcy

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Tara Bellucci
Feb 6, 2015
(Image credit: Northfoto/Shutterstock)

RadioShack filed for Chapter 11 bankruptcy protection yesterday. The company, founded nearly a century ago, plans to sell 1,500 to 2,400 stores to its largest shareholder, investment firm Standard General, and has filed a motion to proceed with closing the remainder of its 4,000 US stores.

RadioShack files for bankruptcy, plans deal with Sprint | Boston Globe

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