RadioShack Sells Its Brand for $26.2 Million

So despite going bankrupt and having their retail locations picked at by Sprint, RadioShack will still somehow live on. RadioShack’s Trademark, branding, and customer data was bought up by a hedge-fund called “Standard General LP”. This acquisition allows Standard General and Sprint to keep “more than 40% of RadioShack’s” brick-and-mortar stores open.

Sprint intends on selling their wireless service within these stores along with a “streamlined array of necessities” – whatever that means.

Does this seem like a smart on Sprint’s part? I mean, I hope they can pull it off, but I can’t help but look at their history of bad decisions over the past decade. They nearly went bankrupt themselves, after all.

South Park Randy Marsh Blockbuster

Sources:
http://www.businessinsider.com/standard-general-buys-radioshack-for-262-million-2015-5

http://www.engadget.com/2015/05/13/radioshack-brand-sold/

Shane Paris

​Shane is the founder and Technical Editor-in-Chief here at That's It Guys. He enjoys Star Trek, 80s and 90s action movies, and everything tech related. Shane is highly skilled with computer hardware, software, and electronics.