Carphone buy out US partner

Carphone Warehouse called time on its joint venture with US giant Best Buy today after agreeing a cut-price deal to buy back the firm’s 50% stake.

Carphone buy out US partner
Tue, 30 Apr, 2013 - 12:21

Carphone Warehouse called time on its joint venture with US giant Best Buy today after agreeing a cut-price deal to buy back the firm’s 50% stake.

The mobile retailer will pay £471 million in cash and shares to buy out Best Buy, marking the end of a five-year tie-up between the two firms and seeing Best Buy retreat from its costly foray into Europe.

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CourtsBusinessHeathrowPlace: USPlace: EuropePlace: FrancePlace: UKPerson: Roger TaylorPerson: Nick BubbEvent: ChristmasOrganisation: Carphone WarehouseOrganisation: Best BuyOrganisation: CarphoneOrganisation: Dixons RetailOrganisation: Carphone Warehouse Europe
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