Submitted by Sascha on Thu, 05/08/2008 - 07:56.
The US company Best Buy this morning announced that it had bought half of the British company Carphone Warehouse. A deal earlier last year between the two companies launched the 'Geek Squad' brand in the UK, a brand that is synonymous with Best Buy. The announcement came as a supprise to some investors, while others predicted it earlier last year.
The Carphone Warehouse is a reseller of contracts and pay as you go mobile phones from all major UK networks, including but not limited to O2, Orange, Vodafone, T-Mobile, 3 and their own 'Fresh' brand. The Carphone Warehouse also owns home Broadband and Phone company 'Talk Talk' and recently purchased AOL UK.
The full price of the acquisition came in at $11.6 Billion (roughly £6 Billion)
