LONDON—U.S. electricals retailer Best Buy Co. Monday said it is buying out its joint-venture partner in its North American mobile business for £838 million ($1.34 billion) in cash and winding down its 'Big Box' megastore format in Europe, as it shakes up its strategy amid a slump at electronics stores.
Best Buy Buys Out U.S. Mobile Partner
U.S. electricals retailer Best Buy said it is buying out its joint-venture partner in its North American mobile business for £838 million ($1.34 billion) in cash and winding down its 'Big Box' megastore format in Europe.
Nov 7, 2011
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