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FTC recommends conditions for sale of RadioShack customer data

John Ribeiro | May 19, 2015
The U.S. Federal Trade Commission has weighed in on the contentious issue of the proposed sale of consumer data by bankrupt retailer RadioShack, recommending that a model be adopted based on a settlement the agency reached with a failed online toy retailer.

As a result of court-ordered mediation, the states, the highest bidder and RadioShack have reached an agreement in principle that will resolve many of the objections and concerns raised by the state attorneys general about the sale of the customer data, according to the ombudsman report. The settlement is subject to certain consents and approvals, which are expected by the close of business on Tuesday.

 

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