Bids beginning at $20 million will be taken for the RadioShack name now that the company is in bankruptcy. Standard General, the largest RadioShack shareholder, has asked the US Bankruptcy Court to allow it to lead the bidding on March 23 at an auction.
RadioShack's current plans are still not entirely clear. We now know the name of the company will not continue since it is being sold.
Bloomberg: RadioShack Corp. is preparing to shut down the almost-century-old retail chain in a bankruptcy deal that would sell about half its store leases to Sprint Corp. and close the rest, according to people with knowledge of the discussions.
Maximum PC: Any nerd over the age of twenty can probably remember a time he or she would frequent the local RadioShack. It was the go-to shop for electronics and geek fare, though we're talking a lifetime ago in tech years. Fast forward to today and there are reports that RadioShack is headed for a bankruptcy filing, perhaps as early as the first week of February. Sadly, we can't say we're surprised.
It's overpriced and has low knowledge employees despite being a specialty shop. I don't think many people will miss (the modern) Radioshack.
Beginning tomorrow, Radio Shack will be selling the 16GB iPhone 5s for $99 with two-year contract on AT&T, Verizon and Sprint. This is $100 off the standard $199 price and one of the lowest prices we've seen for a new iPhone 5s.
Though, the promotion may not currently have an end date but I Suggest you grab yours soon as offers like this don't stay for too long.
$20million you kidden lol
Counter offer: stick of gum.
I've only been to radio shack once in my life. I bought some obnoxiously large battery for a science project. I must have been 12 or so, thats it.
I would have a tough time justifying $20 for the Radio Shack name, let alone $20 million.