Carphone Warehouse in £1bn deal

Carphone Warehouse today said it had sealed a £1.1bn (€1.4bn) investment from US group Best Buy to launch a joint venture retailer across Europe.

Carphone Warehouse in £1bn deal

Carphone Warehouse today said it had sealed a £1.1bn (€1.4bn) investment from US group Best Buy to launch a joint venture retailer across Europe.

The deal will see Best Buy take a 50% stake in Carphone Warehouse’s high street chain. The pair already have a trading relationship in the US.

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