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RadioShack may sell half of its retail locations to Sprint while closing the rest

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RadioShack may sell half of its retail locations to Sprint while closing the rest

radioshack_logoRecently, RadioShack began the procedure of averting chapter via selling some of its retail locations to Sprint so as to usher in somewhat additional cash. While that deal hasn’t came about but, it seems like RadioShack is thinking about pawning off half of its retail retail outlets to Sprint while closing the different half, then stepping out of the retail recreation altogether.

The deal is lately nonetheless in the speaking degrees, so it’s now not finalized simply but. Negotiations may just fall thru, or the specifics of the deal may just amendment via the time it’s publicly introduced. There’s all the time nonetheless an opportunity that some other investor may just step in and purchase out RadioShack to stay it afloat, too, so we’ll simply have to wait and notice how issues play out.

RadioShack recently controlled approximately 4,000 retail locations, and Sprint is claimed to be excited about 1,300 to 2,000 of the ones locations. Both firms have additionally mentioned co-branding the locations to lend a hand out each RadioShack and Sprint, however with issues nonetheless in the negotiation segment, that would amendment.

Needless to say, all of this information hasn’t performed so much for RadioShack’s inventory costs, and the NYSE has suspended buying and selling of the corporate’s shares due to low worth.

source: Bloomberg


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