FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Bloomberg: RadioShack Name Goes to Standard General for $26.2MM

May 15, 2015, 07:47 AM
Filed Under: Bankruptcy

The dismantling of RadioShack Corp. grew closer to completion with the auctioning of the 94-year-old electronics retailer’s name to hedge fund Standard General LP for $26.2 million, a recent Bloomberg article reports.

The Bloomberg article notes Standard General, which bought hundreds of RadioShack store leases in March, prevailed this week in the bidding for the bankrupt chain’s brand name, a trove of customer data and other intellectual property.

Any transaction is subject to approval by the court in Wilmington, Delaware, where the bankruptcy was filed in February. A sale-approval hearing for the name is set for May 20.

To view the entire Bloomberg article click here.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.