I wrote earlier this month that RadioShack could be up for sale, the retailing business and not its cycling team. But whilst the New York Post has a decent track record in flushing out takeover rumours, there’s been nothing so far.
RadioShack announced its first quarter results this week, profits came in ahead of expectations. But there was no mention of the takeover. Either the deal is cooking away slowly or its a non-starter, the results announcement are a moment when the company is obliged to tell investors everything, including significant takeover talks.