February 25, 2015 AT 4:25 pm
RadioShack to sell name $20 Million Opening Bid @radioshack #radioshack
RadioShack to Sell Name Separately With $20 Million Opening Bid – Bloomberg Business.
RadioShack Corp.’s biggest shareholder, already seeking to buy hundreds of stores from the bankrupt electronics retailer, agreed to a separate sale of the chain’s name, with bids to start at $20 million.
The plan to break off the sale of trademarks and other intellectual property from the auction for store leases would put the 94-year-old brand up for grabs without forcing buyers to also bid on the stores.
Greg Gordon of Jones Day, a lawyer for RadioShack, announced the arrangement Wednesday in U.S. bankruptcy court as he outlined a series of last-minute changes to a proposal by Standard General LP, which holds 10 percent of the company’s stock, to buy as many as 2,000 stores.
Read more & on going RadioShack coverage.
Check out all the Circuit Playground Episodes! Our new kid’s show and subscribe!
Have an amazing project to share? Join the SHOW-AND-TELL every Wednesday night at 7:30pm ET on Google+ Hangouts.
Join us every Wednesday night at 8pm ET for Ask an Engineer!
Learn resistor values with Mho’s Resistance or get the best electronics calculator for engineers “Circuit Playground” – Adafruit’s Apps!
Maker Business — Transforming Today’s Bad Jobs into Tomorrow’s Good Jobs
Wearables — Make metallic magic
Electronics — Inadequate volt signal
Biohacking — Arduino Based “Row Bots” Test Rowing Efficiency
No Comments
No comments yet.
Sorry, the comment form is closed at this time.