RadioShack's Bankruptcy Could Give Your Customer Data to the Highest Bidder
The remnants of RadioShack's retail empire went on the auction block on Monday, giving bidders the first chance to snap up the company's trademarks; patents; leases; and the names, email addresses and phone numbers of millions of RadioShack customers. For RadioShack itself, the stakes are enormous. Bloomberg News reported Tuesday morning that Standard General, a hedge fund that's one of RadioShack's creditors, has won the auction. Hanging in the balance on Thursday, when a federal bankruptcy court is expected to approve or reject the asset sale, is the continuation of the 94-year-old retailer's operations.