RadioShack files Chapter 11 but brand to live on in deal with Standard General and Sprint
from The Associated Press via ABC News
Struggling consumer electronics chain RadioShack, founded nearly a century ago, recently filed for Chapter 11 bankruptcy protection. It 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 U.S. stores.
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