Thursday, July 20, 2017

RadioShack brand to survive under new owner: sources; Reuters, July 19, 2017

Jessica DiNapoli, Reuters; RadioShack brand to survive under new owner: sources

"The RadioShack brand will live on after a family office already owed $23 million by the bankrupt U.S. electronics chain agreed to assume ownership of it, as no other buyers submitted better bids this week, people familiar with the matter said.

An affiliate of Kensington Capital Holdings, a family office based in the suburbs of Boston, will acquire RadioShack's intellectual property after it submitted a $15 million bid, the people said on Wednesday."

No comments: