There was a time when RadioShack was the first place you went to if you wanted to get your hands on some cool electronics or other gadgets, around the same time that Blockbuster was in the same position for movie rentals. We all know how much things have changed since then and, although it managed to outlive Blockbuster, it looks like RadioShack is finally ready to call it quits.
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. The locations sold to Sprint would operate under the wireless carrier’s name, meaning RadioShack would cease to exist as a stand-alone retailer, said the people, who declined to be identified because the talks aren’t public. The negotiations could still break down without a deal being reached, or the terms could change. Sprint and RadioShack also have discussed co-branding the stores, two of the people said. It’s also possible that another bidder could emerge that would buy RadioShack and keep it operating, the people said.
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