Sign for a RadioShack store is seen in the Brighton Beach section of the Brooklyn borough in New York

peHUB Second Opinion

In Second Opinion, Radioshack may file for bankruptcy, the difference between the iPhone 6 and the iPhone 6 Plus, research finds that Uber’s revenue is 12x that of Lyft’s and whether Hilton is the best LBO ever.


peHUB Second Opinion

In Second Opinion, Twitter Q2 results are better than expected, Moody’s warns that RadioShack may run out of money next year, Pepe Jeans is up for sale and tornados in Boston aren’t as rare as you think.


peHUB Second Opinion

In Second Opinion, Box is in talks for a round of funding from TPG, Apple’s new smartwatch will have more than 10 sensors, Yo gets hacked and RadioShack’s stock dipps below $1 a share.

RadioShack CEO Steps Down

RadioShack said Wednesday that James Gooch has stepped down as CEO and director of the electronics retailer effective immediately. RadioShack’s board is looking to retain an executive search firm to find a successor. Dorvin Lively, RadioShack’s EVP and CFO, will be acting CEO in the interim. Two years ago, RadioShack was up for sale with suitors reportedly including The Blackstone Group, Bain Capital and TPG Capital.

What’s Next For RadioShack Auction?

The RadioShack auction appears to be short-circuiting.

TPG Capital plans to opt out. The Blackstone Group, which had wanted to launch a joint bid with TPG, doesn’t want to make an offer by itself. Bain Capital has already bailed and Best Buy never got involved.

“This is a classic case of an investment banker [Goldman Sachs] getting a sale mandate, it not going well, and thus reaching as far as [they] can to resuscitate it,” says one banker.

Blackstone, TPG Unlikely To Remain in RadioShack Auction

(Reuters) – Blackstone Group (BX.N) and TPG Capital are unlikely to continue to pursue a possible bid for RadioShack Corp (RSH.N), two sources familiar with the situation said on Monday. The two private equity firms were working together to draw up a possible bid for the electronics retailer, which has a market value of about […]

RadioShack Auction: It’s All About The Cash

RadioShack, the electronics retailer that sells tape recorders and phone extensions, is apparently getting lots of interest from the private equity community.

At first blush, I was surprised that RadioShack still exists, let alone that it’s up for sale. But it seems that more than a few folks still visit “The Shack,” given its 4,000+ retail locations and 555 kiosks.

Goldman Sachs is running the auction, with suitors reported to include The Blackstone Group Bain Capital and TPG Capital. A sale could be valued at more than $3 billion.

So why such interest in RadioShack? It’s the cash, stupid. RadioShack has is sitting on $872 million in net cash, says Anthony Chukumba, senior research analyst for BB&T Capital Markets.

RadioShack Exploring Strategic Options

(Reuters) – U.S. electronics retailer RadioShack Corp (RSH.N) is exploring strategic alternatives that include a share buyback or a possible sale of the company that could net more than $3 billion, the New York Post said, citing sources close to the situation.Investment bankers have already begun pitching their private equity clients about a leveraged buyout […]

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget