Google should buy Radio Shack http://t.co/OoFJgw1z9a $50M and it immediately has huge retail footprint selling Android and chrome devices— Seth Weintraub (@llsethj) January 21, 2015
Everyone has known for years that RadioShack was dying. Heck, in 2007, the mainstream satirical Onion ran a story, Even CEO Can’t Figure Out How RadioShack Still In Business. That story hit between the time the iPhone was announced and when it was launched, to put it into perspective.
But modern smartphones actually helped keep RadioShack alive while, at the same time, undercutting its product business. RadioShack lived and died by smartphones.
Bloomberg reported yesterday that RadioShack was pursuing a bankruptcy plan, which would see it sell half its stores to Sprint, a few others possibly to Amazon and boarded windows for the rest. The WSJ previously reported that the price tag was in the $50M range.
I think Google needs to step in and take over RadioShack. Here’s why: expand full story