RadioShack Finalizes Sale of Name and Customer Data
A Delaware bankruptcy judge approved the sale of RadioShack's name and certain customer data to an affiliate of Standard General for $26.2 million. One of the key issues resolved over the last seven days concerned AT&T and Apple customer data. AT&T, Apple, and several state attorneys general disapproved of the sale of the customer data, and argued RadioShack had agreed to never sell it. Under the terms of the agreement, Standard General agreed to limit its own customers to email data generated over the last two years, as well as to only provide access to seven of 170 fields of data that RadioShack kept on its customers. The sale gives Standard General access to 67 million names and email addresses, rather than the full list of 117 million. Earlier this year Standard General purchased 1,734 RadioShack stores, which it plans to operate in cooperation with Sprint.
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