General discussions : General : CPW + BestBuy = New Company.
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Best Buy, a world-leading consumer electronics retailer, and The Carphone Warehouse, a world-leading independent mobile phone retailer, to create a new company
New venture to accelerate the development of The Carphone Warehouse's retail proposition and to introduce Best Buy stores across Europe
Best Buy to acquire 50% of The Carphone Warehouse's European and US retail interests for a cash consideration of £1.1 billion or $2.1 billion
The Carphone Warehouse to use proceeds to pay down debt, invest in broadband customer growth and infrastructure, and invest in new areas of growth presented by the transaction
more here ====>
http://www.cpwplc.com/phoenix[....]le_Print&ID=1141841&highlight=
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Posted: 2008-05-08 18:30:52
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