“The hedge fund Standard General was the top bidder with $26.2 million for RadioShack’s brand name and customer data. The same firm bought out Radio Shack’s 1,700 store leases in March, as noted by Bloomberg,” Neil Hughes reports for AppleInsider. “But as the bidding process was underway in a Delaware bankruptcy court, Apple joined the proceedings with a filing of its own. Specifically, the iPhone maker argued that its agreements with RadioShack prevent customer data obtained from those buying Apple products from being resold.”
“Also joining was AT&T, who said that RadioShack ‘seemingly intends’ to sell information obtained during the sale of AT&T devices,” Hughes reports. “The judge overseeing the case must still approve Standard General’s bid for RadioShack, as well as the exchange of accompanying customer data, including some 67 million physical addresses and 8.5 million email addresses.”
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MacDailyNews Take: What a morass RadioShack was, is, and continues to be.
RadioShack vows to auction off customers’ personal information in bankruptcy sale – March 26, 2015
Moribund RadioShack prepares to pull plug; NYSE suspends trading – February 3, 2015
Eulogy for RadioShack, the panicked and half-dead retail empire – December 1, 2014
Beleaguered RadioShack: Bankruptcy could be imminent – September 10, 2014
Apple’s retail market share grows as RadioShack and Best Buy shrink – March 7, 2014
Beleaguered RadioShack to close up to 1,100 U.S. stores – March 4, 2014
RadioShack cuts $20 off AT&T iPhone 5 models through December 15th – December 5, 2012
Sprint iPhone 4S to hit RadioShack this weekend, 16GB only – November 19, 2011
RadioShack to sell Apple iPhone 3G and 3GS – November 7, 2009
RadioShack CEO: We’re selling all the Apple iPods we can get – October 21, 2005