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Judge Approves RadioShack Sale to Standard General

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This Tuesday, Feb. 3, 2015 file photo shows a RadioShack store in Dallas. A bankruptcy judge on Tuesday, March 31, 2015 approved the sale of more than 1,740 RadioShack stores to hedge fund Standard General, preserving some 7,500 jobs. (AP Photo/Tony Gutierrez, File)

This Tuesday, Feb. 3, 2015 file photo shows a RadioShack store in Dallas. A bankruptcy judge on Tuesday, March 31, 2015 approved the sale of more than 1,740 RadioShack stores to hedge fund Standard General, preserving some 7,500 jobs. (AP Photo/Tony Gutierrez, File)

RANDALL CHASE, AP Business Writer

DOVER, Del. (AP) — A bankruptcy judge has approved the sale of more than 1,740 RadioShack stores to hedge fund Standard General, preserving some 7,500 jobs.

RadioShack’s bankruptcy plan calls for Sprint, the No. 3 U.S. wireless carrier, to operate dedicated “store within a store” shops in most of the locations acquired by acquired by General Wireless, a newly formed affiliate of Standard General LP.

The ruling by Judge Brendan Shannon in Wilmington, Delaware, comes after a court hearing that stretched over four days following a disputed auction process that lasted almost as long last week.

Shannon said Standard General’s bid, valued at about $160 million, was clearly “economically superior” to an alternative liquidation proposal by another bidding group, even before accounting for the preservation of jobs and “a century-old American retailing icon.”

The chain has already shrunk substantially. Roughly 2,000 RadioShack stores have closed or are closing.

In granting the sale, Shannon overruled an objection by Salus Capital Partners, a pre-bankruptcy lender whose $150 million claim made its one of the electronics retailer’s largest creditors.

Salus had called Standard General’s offer a “sham” and offered to pay about $271 million for RadioShack’s assets, combining the liquidation proposal with $129 million that was contingent on winning future litigation in the case.

Salus also had challenged Standard General’s right to bid using $112 million of credit on debt it is owed, and only a small amount of cash.

In last-minute revisions to its initial offer, Standard General agreed among other things that intellectual property and customer data would not be part of the sale. The planned inclusion of personally identifiable information on 117 million consumers had prompted objections from government authorities in several states.

The sale agreement gives Standard General a six-month, royalty free license to use the RadioShack trademark, which would either have to be purchased later or replaced with a new name.

RadioShack, which has not turned a profit since 2011, sought bankruptcy protection in February after years of financial struggles.

The company, founded in Boston in 1921, began as a distributor of mail-order ship radios, ham radios and parts. In postwar era, it made a name for itself selling high-fidelity audio components, calculators, early personal computer systems and mobile phones, and the computer industry’s first laptop.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Alameda County

Seth Curry Makes Impressive Debut with the Golden State Warriors

Seth looked comfortable in his new uniform, seamlessly fitting into the Warriors’ offensive and defensive system. He finished the night with an impressive 14 points, becoming one of the team’s top scorers for the game. Seth’s points came in a variety of ways – floaters, spot-up three-pointers, mid-range jumpers, and a handful of aggressive drives that kept the Oklahoma City Thunder defense on its heels.

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Seth Curry is a point guard on the GSW team.Photo courtesy of the Golden State Warriors.
Seth Curry is a point guard on the GSW team.Photo courtesy of the Golden State Warriors.

By Y’Anad Burrell

Tuesday night was anything but ordinary for fans in San Francisco as Seth Curry made his highly anticipated debut as a new member of the Golden State Warriors.  Seth didn’t disappoint, delivering a performance that not only showcased his scoring ability but also demonstrated his added value to the team.

At 35, the 12-year NBA veteran on Monday signed a contract to play with the Warriors for the rest of the season.

Seth looked comfortable in his new uniform, seamlessly fitting into the Warriors’ offensive and defensive system. He finished the night with an impressive 14 points, becoming one of the team’s top scorers for the game. Seth’s points came in a variety of ways – floaters, spot-up three-pointers, mid-range jumpers, and a handful of aggressive drives that kept the Oklahoma City Thunder defense on its heels.

One of the most memorable moments of the evening came before Seth even scored his first points. As he checked into the game, the Chase Center erupted into applause, with fans rising to their feet to give the newest Warrior a standing ovation.

The crowd’s reaction was a testament not only to Seth’s reputation as a sharpshooter but also to the excitement he brings to the Warriors. It was clear that fans quickly embraced Seth as one of their own, eager to see what he could bring to the team’s championship aspirations.

Warriors’ superstar Steph Curry – Seth’s brother – did not play due to an injury.  One could only imagine what it would be like if the Curry brothers were on the court together.  Magic in the making.

Seth’s debut proved to be a turning point for the Warriors. Not only did he contribute on the scoreboard, but he also brought a sense of confidence and composure to the floor.

While their loss last night, OKC 124 – GSW 112, Seth’s impact was a game-changer and there’s more yet to come.  Beyond statistics, it was clear that Seth’s presence elevated the team’s performance, giving the Warriors a new force as they look to make a deep playoff run.

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Oakland Post: Week of November 26 – December 2, 2025

The printed Weekly Edition of the Oakland Post: Week of November 26 – December 2, 2025

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