RadioShack Corp. is considering some alternatives, including the possible sale of the company, The New York Post reported.

Citing unnamed sources, the Post said investment bankers have begun lining up to pitch their private-equity clients about a leveraged buyout of the Texas-based electronics chain.

Sources told the Post that RadioShack could likely fetch more than $3 billion.

A merger with big-box retail retailer Best Buy Co., which has been experimenting with a smaller retail format to meet growing demand for smartphones and other wireless devices, is another possibility.

“This is all about handheld devices,” said one banking source. “A whole new wave of these products are coming out and they’re going to break the monopoly” of carriers who have in the past hurt RadioShack’s profits with their market power.

Following years of recession-driven cost cutting measures, including thousands of layoffs, Julian Day, RadioShack’s CEO, has lately been talking about growth.

But, according to an unnamed banker cited in the Post’s article, an e-commerce acquisition could help bolster the retailer’s customer relationships.

“They’ve reached a point where they can’t just keep building RadioShack stores,” said the source.

Last week, Goldman Sachs Group Inc. removed RadioShack shares from its “conviction buy” list, noting that the retailer’s “valuation and capital structure are such that operating improvement beyond our forecast would be necessary to drive a successful LBO.”

Despite a recent run-up in the company’s shares, some bankers say RadioShack’s big margins and stable flow of cash may help bankroll a healthy takeout premium to the current market capitalization of $2.7 billion.