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 getting a sale mandate, it not going well, and thus reaching as far as can to resuscitate it," says one banker.

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