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In February 2015, RadioShack Corporation declared bankruptcy and announced that it was closing or selling all of its American stores. Standard General bought the company at a bankruptcy auction. The General Wireless company was created to own Radio Shack along with Sprint. A fraction of Radio Shack stores remained open using the trandmark name to sell some of the former products along with being a cell phone store for Sprint. Wireless carrier Sprint will use the Radio Shack stores to expand Sprint mobile phone operations. RadioShack is now another name for Sprint.