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RadioShack files for bankruptcy, plans deal with Sprint

2015-02-06 01:44:01| IT Services - Topix.net

Struggling consumer electronics chain RadioShack, founded nearly a century ago, filed for Chapter 11 bankruptcy protection late Thursday. It plans to sell 1,500 to 2,400 stores to its largest shareholder, Standard General, and has filed a motion to proceed with closing the remainder of its 4,000 U.S. stores.

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