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GameStop Wins Bidding for More Than 160 RadioShack Stores

Submitted by Anonymous (not verified) on

A unit of GameStop Corp., the video-game chain, won an auction for the right to take over more than 160 stores that bankrupt consumer-electronics retailer RadioShack Corp. was planning to close, Bloomberg News reported yesterday. In court documents filed on Wednesday, RadioShack said that GameStop’s Spring Communications Holding Inc. will pay $15,000 a store to take over leases at locations around the U.S. Spring has about two months to decide which of the stores it wants. RadioShack filed for bankruptcy this month with an agreement to sell about half of its 4,000 stores to a unit of Standard General LP, its biggest shareholder. Standard General, in turn, has a co-branding agreement with Sprint Corp.