Audio Video News

RadioShack, the national electronics retailer that always has that gizmo or adapter you need, may soon be sold to or merged with Best Buy or another large chain, reports the New York Post.

Sources within the banking industry say investment bankers at JPMorgan Chase are pitching a leveraged buyout. Far from being unhealthy, RadioShack has good cash flow, following cost-cutting moves, and even has $900 million in cash on hand, so conceivably it could do some acquiring itself.

RadioShack is doing well in the wireless market, in addition to selling all those adapters, and that may be the impetus for the rumors. "This is all about handheld devices," said one anonymous banking source. "A whole new wave of these products are coming out and they're going to break the monopoly of the carriers."

See the New York Post.