Report: RadioShack Sale Talk Intensifies
RadioShack's sale process is in full swing, with an investment banker in place and both private equity firms and Best Buy interested. That's according to a report in the New York Post Monday, which also stated that CEO Julian day is line for "a huge payday."
J.P. Morgan has been chosen to lead the process, the Post said.
Best Buy, seen by the Post's sources as a "possible acquirer," announced earlier in the day that it was planning to open up to a 1,000 new Best Buy Mobile stores.