Bankruptcy Judge Approves Sale of RadioShack Name and Data

United States bankruptcy Judge Brendan Shannon cleared the way for RadioShack to sell its brand name and customer data to a Standard General affiliate for about $26 million, rejecting a competing bidder’s claim that the auction process was unfair. Separately, RadioShack resolved objections to the sale from several state attorneys general who were concerned the deal could threaten consumers’ privacy. Standard General agreed to limit its customer email access to the last two years, and to allow access to only seven of 170 fields of data RadioShack kept on its customers, said Ken Paxton, a lawyer for Texas’s attorney general. Standard General will receive names and addresses for 67 million customers, down from the 117 million initially sought.

Those matters were the last major hurdles to the bankrupt electronics chain’s plan to sell its intellectual property to General Wireless, the same Standard General affiliate that acquired 1,743 RadioShack stores in March.