Electronics

RadioShack on Auction Block?

Reports of private equity firms placing bids for retailer

Published

14 years ago

June 1, 2010

VMSD Staff

RadioShack Corp. (Fort Worth, Texas) has reportedly received bids including several from private-equity firms, including BlackStone Group, reports The New York Post.

The electronics retailer had hired Goldman Sachs to explore strategic alternatives, including a possible sale. An initial round of bids was completed last week, according to The Post, with Blackstone emerging as a leading participant. Possible rival bidders include Kohlberg Kravis Roberts & Co., Bain Capital and TPG.

“RadioShack is an appealing opportunity for a (private-equity) firm because it has a ton of cash, and a mobile business that is growing quickly,” said one banking source, according to The Post.

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