RadioShack Files for Chapter 11, Sprint Plans to Occupy Remaining Stores

Sprint is making moves. The company's latest plan for luring new subscribers is to occupy the remains of RadioShack. The long-struggling consumer electronics chain filed for bankruptcy protection Thursday. Part of its plan is for Sprint to open mini-shops in as many as 1,750 of RadioShack's remaining stores. And if approved, the deal would greatly expand its presence in front of U.S. shoppers, more than doubling the number of Sprint company-owned stores. RadioShack said in its Chapter 11 filing that it plans to sell 1,500 to 2,400 stores to its largest shareholder, investment firm Standard General. It is seeking to close the remainder of its 4,000 U.S. stores.

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