by Darren Orf
RadioShack, whose carrion corpse has been slowly picked apart by various consumer retail chains, is only a shambling zombie of its former DiY electronics self. But Standard General just pulled a Frankenstein, adding a jolt of electricity to the bankrupt brand and snatching up the rights to the iconic chain’s name.
Auction of the dilapidated retailer finished on Tuesday, starting with a bid of $15 million and eventually closing at the $26.2 million mark by an offer from Standard General, a hedge fund that snatched up 1,740 RadioShack stores in late March.
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