“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.”
Read more in the full article here.
MacDailyNews Take: What a morass RadioShack was, is, and continues to be.
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