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News Breaks | | | | November 15, 2012 | | 06:19 EDT |  | BBY | Carphone Warehouse could buy Best Buy out of JV, Telegraph reports
Carphone Warehouse may look to buy Best Buy (BBY) out of their European joint venture, the Telegraph reports. Based on analysts' valuations, Carphone could buy Best Buy's 50% stake of the company for GBP550M, a GBP550M discount on the sale price four years ago. However, before Carphone can make a formal approach, it must wait to see whether Best Buy founder Richard Schulze succeeds in his bid for the U.S. business. Reference Link | |
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