RadioShack Is Dead. Long Live RadioShack

Thousands of RadioShack stores will stay open across the U.S. thanks to a deal that will kind of make them Sprint stores.

Image via Wikimedia Commons

RadioShack, the brick-and-mortar retailer preferred by '80s movie robots, declared bankruptcy back in February, but a judge has paved the way for the long-struggling business to rise from the ashes like a phoenix pigeon, with a new form. 

A bankruptcy judge approved the sale of 1,740 stores to hedge fund Standard General, which plans to keep those stores open by creating a Sprint store-RadioShack hybrid, according to The Associated Press.

The move will save an estimated 7,500 jobs. The price: around $160 million.

RadioShack had already shut down thousands of stores after declaring bankruptcy back in February. The chain operated an estimated 7,000 locations in the U.S. during its peak. 

It's a small win in a long, losing battle for RadioShack, but it's a bigger win for people who love amazing theme songs:

1.

View this video on YouTube

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The Standard General deal does not include include personal data on 117 million RadioShack customers that was originally going to be part of the auction and had people freaking out

 

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