Standard General wins auction for RadioShack brand

|By:, SA News Editor

The auction for RadioShack's (OTCPK:RSHCQ) trademark, customer data and other intellectual property has closed with Standard General posting a $26.2M winning bid.

RadioShack filed for bankruptcy in February after years of heavy competition from online and bricks-and-mortar rivals.

Since then, the electronics retailer has sold 1,700 of its stores to Standard General (which will be co-branded with Sprint) and has announced plans to shut down the others.

Previously: Last bid on RadioShack name at $15M (May. 12 2015)

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