Troubled electronics retailer RadioShack is reportedly on the verge of closing its doors for good as part of a deal with Sprint, according to financial insiders.
In related news, RadioShack apparently still existed prior to this.
Under the proposed Sprint deal, half the company's stores would be taken over by the wireless telecommunications giant, and painted yellow and black.
The other half would close, according to Bloomberg News.
Nothing's final, and until the deal is finalized, another buyer could swipe up the company and allow it to keep on ... doing whatever it is RadioShack does.
Given that it's facing bankruptcy and declining relevance in the tech space, however, we would not hold our collective breath for that scenario.
Sprint and RadioShack also have discussed co-branding the stores, but regardless, it looks like the end for the company, which began in 1921.
Yes, 1921. As a mail-order retailer for ham-radio operators and maritime communications officers, before expanding into a wider range of electronics.
Recent years have not been kind to RadioShack, though.
Remodeling stores and revamping the product lineup have done little to revive sales, as the company has posted 11 straight unprofitable quarters.
Sprint, meanwhile, is expanding its chain, so the unlikely pairing you are about to see take shape could be the best of both worlds for each player.
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