Judge Approves Sale of RadioShack Stores
A U.S. judge has given RadioShack permission to sell its 1,740 stores to Standard General, a hedge fund that plans to operate the stores with Sprint. One of RadioShack's creditors, Sulas Capital Partners, had opposed the sale. RadioShack declared bankruptcy in February after spending more than a year attempting to rebuild its business. Under the terms of the agreement, Sprint will own about 30% of each store's real estate, in which it will sell Sprint wireless goods and services. The remaining 70% of the stores' footprints will be used to sell RadioShack's branded electronics. RadioShack hopes to close the deal as soon as April 1.
Sprint to Sell LG G5 April 1, Preorders Start March 24
Sprint said it will begin accepting preorders for the LG G5 on March 24. The device will reach stores April 1.
RadioShack Finalizes Sale of Name and Customer Data
A Delaware bankruptcy judge approved the sale of RadioShack's name and certain customer data to an affiliate of Standard General for $26.2 million. One of the key issues resolved over the last seven days concerned AT&T and Apple customer data.
MetroPCS to Sell the iPhone
T-Mobile's prepaid brand, MetroPCS, today said it will soon sell the entire range of iPhones from Apple. MetroPCS plans to kick off iPhone sales at select stores in Florida on July 1, but will expand to all stores around the nation soon.
Apple, AT&T Seek to Block RadioShack's Sale of Customer Data
Apple and AT&T have filed legal objections to RadioShack's planned sale of customer data. RadioShack sold products from both AT&T and Apple and originally agreed to keep customer data private.
Guys... what's going on... it's April 1st!