RadioShack Is Hawking Its Name, Your Data
Hedge fund puts in $15M bid
By Rob Quinn,  Newser Staff
Posted May 13, 2015 12:28 AM CDT
A RadioShack store is seen in Dallas.    (AP Photo/Tony Gutierrez, File)
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(Newser) – The name that brothers Theodore and Milton Deutschmann came up with for their ham radio store in 1921 is up for sale—and, more controversially, so are the email addresses and other customer data RadioShack collected before filing for bankruptcy in February. The current top bid is $15 million and it was made by the Standard General hedge fund, which bought 1,740 of the roughly 4,000 RadioShack stores last month, Reuters reports. The fund, which has been running the stores in partnership with Sprint, only has the right to use the RadioShack name for another five months if the sale doesn't go through, reports Consumerist, which notes that several states and Apple have raised privacy concerns over the sale of the company's mailing lists.

 

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