It's been over a year since Best Buy shut down its retail stores in the UK, but the company today announced it will sell its 50 percent share in its Best Buy Europe joint venture with Carphone Warehouse to its partner for £500 million ($775 million). Best Buy says it made the decision to sell its stake partly to "simplify its business" and to strengthen its balance sheet, but will pay £29 million ($45 million) to Carphone Warehouse as part of its termination agreement.
via The Verge - All Posts http://www.theverge.com/2013/4/30/4285156/best-buy-sells-UK-business-carphone-warehouse
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