RadioShack Agrees to Mediation Over Sale of Customer Data

RadioShack is seeking to sell 8.5 million customer email addresses and 65 million complete customer name and address files, along with what it calls “transaction data.”
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A Delaware bankruptcy judge said Tuesday that he’s willing to approve bid procedures for the sale of RadioShack’s intellectual property, including data on millions of customers. But he warned there’s no guarantee he will approve the sale itself.
RadioShack, which won court approval last month to sell more than 1,740 of its stores to hedge fund Standard General LP, is now seeking to auction off its intellectual property assets.
Read more: http://abcnews.go.com/US/wireStory/radioshack-agrees-mediation-sale-customer-data-30645163
Posted by Dont Mine on Me