Possible Sale Looming For RadioShack
Rumors swirled Friday and throughout the weekend that RadioShack was "exploring strategic opportunities" that could include a sale, with Best Buy mentioned in multiple media reports as a candidate to acquire the company.
The New York Post reported Friday that the company was exploring such options as a sale or possibly a share buyback, with Best Buy mentioned as a possible buyer of the company. Private-equity firms, the Post said, have been told that a buyout of the chain may be possible, sources told the newspaper.
Meanwhile, the company prepared to launch a major expansion in availability of the iPhone.