Dawn McCarty of Bloomberg reports that Standard General, the hedge fund that purchased 1,700 RadioShack store leases, prevailed in bidding for the chain’s “brand name, a trove of customer data, and other intellectual property.” The brand name alone cost them $26.2 million.
They could have purchased my name for a lot less, but hey…
RadioShack and Standard General will mediate with the 37 states that raised concerns about the sale of customer data to resolve their concerns. McCarty reports that the mediation is set to begin Thursday before Leif M. Clark, a retired U.S. bankruptcy judge in Texas.
Thanks to Joe Cadillic for the link.