Best Buy (BBY) and The Carphone Warehouse To Form New Company.
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This morning, Best Buy Co. (NYSE: BBY) and The Carphone Warehouse announced plans to create a new company to accelerate the development of The Carphone Warehouse's retail proposition and to introduce Best Buy Stores across Europe.
Besy Buy will acquire 50% of The Carphone Warehouse Group PLC European and US Retail Interests for a cash consideration of GBP 1.1 Billion or $2.1 billion.
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