Bankruptcy court approves sale of RadioShack to Standard General

ASSOCIATED PRESS: Sale could save about 7,500 jobs.

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ASSOCIATED PRESS: Sale could save about 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.

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