RadioShack Files for Bankruptcy
It's official: Beleaguered electronics retailer RadioShack has filed for Chapter 11 bankruptcy protection and will shutter up to 2,500 of its stores.
The Ft. Worth-based retailer filed for bankruptcy today and said it would sell between 1,500 and 2,400 of its storefronts to its largest investor, hedge fund Standard General. Standard General, in turn, will partner with Sprint, according to news reports.
RadioShack operates 4,000 stores across North America, which means the stores that aren't
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