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RadioShack Brand Will Reportedly Live On

According to Reuters, the buyer intends to license the brand back to General Wireless, the specially created unit formed by hedge fund Standard General during RadioShack’s first bankruptcy.   

“The RadioShack brand will live on after a family office already owed $23 million by the bankrupt U.S. electronics chain agreed to assume ownership of it, as no other buyers submitted better bids this week, people familiar with the matter said.”

See the full story on Reuters.