It appears as though the rumors of RadioShack being up for sale may be true as the New York Post reports that the first round of bidding has been completed for the consumer electronics chain.
The usual private equity suspects, Blackstone Group, Bain Capital and Kohlberg Kravis Roberts & Co. and TPG Capital, appear to be looking at making bids for the chain as well as one "strategic" party thought to possibly be Best Buy.
A RetailWire poll in March found that 61 percent of respondents thought a merger between Best Buy and RadioShack would be a somewhat or very good idea.
There appears to be quite a bit of interest in the chain, which has focused more recently on mobile technology including opening specialty kiosks in Target locations.
"RadioShack is an appealing opportunity for a (private-equity) firm because it has a ton of cash, and a mobile business that is growing quickly," an unidentified banking executive told the Post.
Discussion Questions: What's the best case scenario for RadioShack in terms of new ownership? If you were acquiring RadioShack, what would you do with the business?