RadioShack may sell half of its retail locations to Sprint while closing the rest

Recently, RadioShack started the process of avoiding bankruptcy by selling some of its retail locations to Sprint in order to bring in a little extra cash. While that deal hasn’t happened yet, it looks like RadioShack is considering pawning off half of its retail stores to Sprint while closing the other half, then stepping out of the retail game altogether.

The deal is currently still in the talking stages, so it’s not finalized just yet. Negotiations could fall through, or the specifics of the deal could change by the time it’s publicly announced. There’s always still a chance that another investor could step in and buy out RadioShack to keep it afloat, too, so we’ll just have to wait and see how things play out.

RadioShack currently managed about 4,000 retail locations, and Sprint is said to be interested in 1,300 to 2,000 of those locations. Both companies have also discussed co-branding the locations to help out both RadioShack and Sprint, but with things still in the negotiation phase, that could change.

Needless to say, all of this news hasn’t done much for RadioShack’s stock prices, and the NYSE has suspended trading of the company’s stocks due to low value.

source: Bloomberg

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