Electronics retailer RadioShack Corp (RSH.N) might prepare to file for bankruptcy protection by next month, the Wall Street Journal reported citing people familiar with the matter.
Texas-based Radioshack is in talks with a private-equity firm that could buy its assets out of bankruptcy, the Journal reported, citing sources.
The talks may not produce a deal, and RadioShack may opt for other debt-restructuring options that do not include a sale, the Journal said.
RadioShack has reached out to potential lenders that could provide a loan to fund its operations during the bankruptcy case, the Journal added.
RadioShack was not immediately available for comment.
The retailer, which reported a bigger-than-expected third-quarter loss last month, warned in September that a bankruptcy filing was a possibility.
Salus Capital Partners had said it would provide $500 million to RadioShack in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy, the Wall Street Journal previously reported.
RadioShack’s shares have fallen nearly 60 percent since its bankruptcy warning through Tuesday’s close.
Stop breadboarding and soldering – start making immediately! Adafruit’s Circuit Playground is jam-packed with LEDs, sensors, buttons, alligator clip pads and more. Build projects with Circuit Playground in a few minutes with the drag-and-drop MakeCode programming site, learn computer science using the CS Discoveries class on code.org, jump into CircuitPython to learn Python and hardware together, or even use Arduino IDE. Circuit Playground Express is the newest and best Circuit Playground board, with support for MakeCode, CircuitPython, and Arduino. It has a powerful processor, 10 NeoPixels, mini speaker, InfraRed receive and transmit, two buttons, a switch, 14 alligator clip pads, and lots of sensors: capacitive touch, IR proximity, temperature, light, motion and sound. A whole wide world of electronics and coding is waiting for you, and it fits in the palm of your hand.
Have an amazing project to share? The Electronics Show and Tell with Google Hangouts On-Air is every Wednesday at 7:30pm ET! To join, head over to YouTube and check out the show’s live chat – we’ll post the link there.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
Maker Business — Robotics manufacturer Anki shuts down
Wearables — Brace for fabric
Electronics — DRC Confusion
Biohacking — Senolytic Therapies
Python for Microcontrollers — CircuitPython 4 released, upcoming hardware, and more! #Python #Adafruit #CircuitPython #PythonHardware @circuitpython @micropython @ThePSF @Adafruit
No comments yet.
Sorry, the comment form is closed at this time.