Radio Shack has reached a deal with 38 state attorneys general in which it agreed to destroy most of the data on 117 million customers it was looking to sell to pay off creditors, according to CNN Money.
The proposed sale of the customer data was vigorously opposed by AT&T and Verizon, as much of it was tied to people who had bought their products from Radio Shack.
General Wireless, which is purchasing Radio Shack’s assets out of bankruptcy court in March, agreed not to sell the limited data it is acquiring as part of the court agreement. For instance, out of the 8.5 million customer email addresses in the files, General Wireless will be only be allowed to retain addresses of people who requested product information over the last two years; they will be able to opt out of future communications.
General Wireless, a subsidiary of Radio Shack’s largest shareholder, plans to keep 1,750 of the stores open under the Radio Shack name and operate its online business.
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