Following RadioShack’s recent bankruptcy filing, the tech retailer is now in the process of selling not only trademarks and real estate, but also millions of customer names, emails and physical addresses.
According to a report by Bloomberg, the highest bid for the company’s assets came from RadioShack creditor and hedge fund Standard General at an auction on Monday.
However, the purchase is yet to be approved by a bankruptcy court in Delaware, with several states, and telecommunications giant AT&T, challenging the hefty transaction.
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Paxton added that RadioShack’s customer data for sale includes 117 million people, as well as information on customers’ shopping habits.
Tennessee’s Department of Commerce and Insurance also joined in on the objection earlier this week.
Meanwhile, AT&T is attempting to battle the transaction by stating the information isn’t actually for RadioShack to sell. The wireless carrier states it worked with the company to market its phones, in which case the retailer should not be able to sell information belonging to AT&T.
As a resolution, AT&T proposed the data should be destroyed to prevent its competitors from accessing the information.
A similar case was last seen before court back in 2000, when Toysmart.com, an online toy store, filed for bankruptcy and attempted to auction off its customer data.