Once a thriving electronics retail operation, Radio Shack filed for bankruptcy on February 5 after 94 years in business. As a result of the bankruptcy filing, the company’s assets have been put on the market.
I received an email this morning from Hilco Streambank announcing that Radioshack is soliciting offers to acquire RadioShack’s intellectual Property assets in a chapter 11 sale.
According to Jack Hazan, Executive Vice President of Hilco Streambank, the assets include trademarks, customer data, domain names, patents, and the company’s franchise network.
The full opportunity can be viewed on the Hilco Streambank website. The bid deadline to participate is March 17th, 2015 at 5pm. The auction will be held on March 23, 2015 at 10am EST. A sale hearing will follow on March 26, 2015 at 9:30AM.
Contact Jack Hazan directly and/or visit HilcoStreambank.com for full details and additional contact information.
The Circuit City brand and domain sold for 14 million at auction. Similar style company so could be a good baseline for price.