RadioShack, the 96-year-old electronics store that’s gone bankrupt twice in the last decade, is still here — and a new business just ensured it’ll still be here a little while longer.
Talk about a blast from the past. According to Reuters, Kensington Capital Holdings, a single family office from Boston, assumed ownership of the chain with a $15 million bid.
According to Reuters‘ sources, the new owners will license the brand back to the company that currently operates it. RadioShack currently operates less than 100 brick-and-mortar stores, though it still does business online.
I’m happy enough with the news — I always liked RadioShack. I still use the RadioShack-branded RF modulator I got years ago to co-opt my TV’s coax port for a DVD player (look, all my other ports went to video game consoles — don’t judge).
The 💜 of EU tech
The latest rumblings from the EU tech scene, a story from our wise ol' founder Boris, and some questionable AI art. It's free, every week, in your inbox. Sign up now!
RadioShack is currently working on a bankruptcy plan. At the end of June, RadioShack’s creditors brought suit against Sprint for a breach of contract that supposedly crippled the former, sending it back into bankruptcy for the second time.
Get the TNW newsletter
Get the most important tech news in your inbox each week.