Best Buy, the biggest U.S. electronics retailer, is paying $2.1 billion for a 50 percent stake in Europe's largest cell phone retailer, the companies announced Thursday. The Carphone Warehouse will place its 2,400 U.S. and European stores in the new joint venture. The deal also includes the Web and direct businesses of The Carphone Warehouse, the insurance operations, and its airtime reselling businesses.
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Best Buy, the biggest U.S. electronics retailer, is paying $2.1 billion for a 50 percent stake in Europe's largest cell phone retailer, the companies announced Thursday. The Carphone Warehouse will place its 2,400 U.S. and European stores in the new joint venture. The deal also includes the Web and direct businesses of The Carphone Warehouse, the insurance operations, and its airtime reselling businesses.
