RadioShack and its creditors might sell half the company’s stores to Sprint and close the remaining locations, reports Bloomberg.
Sources familiar with the companies’ plans suggest Sprint would rebrand the RadioShack stores, which would cease to exist as stand-alone electronics stores. Bloomberg’s sources said, however, that the deal is not final and may change. Further, a third party may make a bid for the ailing electronics company.
RadioShack has been in bankruptcy for months and is seeking a way out of debt. Selling some stores, closing the rest, and selling off assets would help lenders recover some of the money they’ve lent RadioShack over the last year to keep it afloat. Neither Sprint nor RadioShack commented on Bloomberg’s report.
