RadioShack, the brick-and-mortar retailer preferred by '80s movie robots, declared bankruptcy back in February, but a judge has paved the way for the long-struggling business to rise from the ashes like a phoenix pigeon, with a new form.
A bankruptcy judge approved the sale of 1,740 stores to hedge fund Standard General, which plans to keep those stores open by creating a Sprint store-RadioShack hybrid, according to The Associated Press.
The move will save an estimated 7,500 jobs. The price: around $160 million.
RadioShack had already shut down thousands of stores after declaring bankruptcy back in February. The chain operated an estimated 7,000 locations in the U.S. during its peak.
It's a small win in a long, losing battle for RadioShack, but it's a bigger win for people who love amazing theme songs:
1.
The Standard General deal does not include include personal data on 117 million RadioShack customers that was originally going to be part of the auction and had people freaking out.