Thursday, February 5, 2015

RadioShack Files for Chapter 11 Bankruptcy

From NY Times:

For years, RadioShack — the retailer that helped bring personal computers to the masses — outlasted untold predictions that it would buckle in the face of bigger rivals and online competitors.
But its clock has finally run out.
RadioShack, a long-ailing 94-year-old electronics chain, filed for bankruptcy protection on Thursday after striking a deal to sell up to 2,400 of its stores to the wireless service provider Sprint and a hedge fund that is its biggest shareholder.
 
http://dealbook.nytimes.com/2015/02/05/radio-shack-files-for-chapter-11-bankrutpcy/?src=twr&smid=tw-nytimes&_r=1

No comments:

Post a Comment