$50 million worth of shacks

RadioShack Sells Last Thing Of Value It Owns: $50 Million Worth Of Property

RadioShack Sells Last Thing Of Value It Owns: $50 Million Worth Of Property

In its bankruptcy auction, RadioShack has sold its store leases, the merchandise in most of its stores, and even key intellectual property assets like its customer mailing lists and “TheShack.com.” Now the company has found buyers for its last multimillion-dollar assets: property in Texas and regional facilities in Maryland and in California have been sold, taking in about $50 million that will go to the company’s creditors. [More]