RadioShack Files Chapter 11, Plans Sprint Partnership

RadioShack filed its long-awaited bankruptcy papers Thursday evening. The troubled tech retailer aims to reorganize under Chapter 11.

Part of its plan calls for an asset purchase agreement with Standard General and Sprint to use a “store-in-store” model that would allow the RadioShack name to exist in as many as 1,750 of the acquired shops. Other underperforming locations would shutter.

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This article originally appeared on Recode.net.

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