RadioShack's Bankruptcy Could Give Your Customer Data to the Highest Bidder
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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.