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Thread: Better get your BETAMAX tapes

  1. #1
    Join Date
    May 2007
    Location
    Townsend
    Posts
    10,034

    Better get your BETAMAX tapes

    http://www.foxbusiness.com/technolog...11-bankruptcy/

    Electronics retailer RadioShack Corp filed for Chapter 11 bankruptcy protection and said shareholder Standard General LP would buy 1,500 to 2,400 of its stores.RadioShack listed assets of $1.2 billion and liabilities of $1.39 billion in its bankruptcy petition in a Delaware court.
    The company warned in September that it could file for bankruptcy protection if talks with lenders and stakeholders about a sale or a restructuring failed.
    RadioShack's top lenders include hedge fund Standard General LP, which is also its largest shareholder, and Salus Capital Partners.
    Sprint Corp said it would set up co-branded stores in up to 1,750 of the stores acquired by Standard General's General Wireless Inc.
    The case is In Re: RadioShack Corp, Delaware Court, District of Delaware, Case No: 15-bk-10197.


  2. #2
    Join Date
    May 2007
    Location
    Townsend
    Posts
    10,034

    Re: Better get your BETAMAX tapes

    I guess the internet won?


  3. #3
    Join Date
    May 2014
    Location
    Wilmington, Delaware
    Posts
    3,159

    Re: Better get your BETAMAX tapes

    Not a total loss. Radio Shack is hoping to bounce back after filing for bankruptcy. www.Amazon.com is expecting to buy Radio Shack as an investment in the build-out of its 'brick-and-mortar' businesses. [Amazon said to consider buying RadioShack stores http://www.bostonglobe.com/business/...?event=event25 via @BostonGlobe ] Watch for new hiring by Amazon.com in your area soon.

  4. #4
    Join Date
    May 2014
    Location
    Wilmington, Delaware
    Posts
    3,159

    Re: Better get your BETAMAX tapes

    I hope that Amazon.com will consider putting a Radio Shack store in the old Merchandise Mall(Merchants Square on Governor Printz Boulevard) The revitalized Mall needs some fresh ,new businesses . I'll suggest to Wilmington, Delaware 'Complexities of Color Coalition ' director , the most honorable Reverend Donald Morton that the Mall also has enough rentable space to house a new African -American pride radio station that , of course , would support the interests of greater civic inclusion for all the wonderful ethnic races that have made this nation great.
    Having followed the progress of the $2.5 million construction work at the shopping center in the past year, May and his wife, Sallie Jones, concluded that Delaware's first regional retail complex is, indeed, rising from the ashes.
    [ http://archive.delawareonline.com/ar...rchants-Square ]

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