Best Buy to Acquire Carphone Warehouse U.S. Mobile Stake

Best Buy Co., the world’s largest consumer-electronics retailer, agreed to buy Carphone Warehouse Group Plc’s stake in their U.S. mobile-phone joint venture for 838 million pounds ($1.34 billion) and close the U.K. stores it opened less than two years ago.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.