Company News
Acquisition is in line with Best Buy 2020 strategy
Strengthens company’s position and growth opportunities in the
fast-changing health space, with a focus on the growing needs
of the aging population
Minneapolis, August 15, 2018 – Best Buy Co., Inc. (NYSE: BBY), a leading technology products and services provider, today announced that it has signed a definitive agreement to acquire GreatCall, Inc. for $800 million in cash.
GreatCall is a leading provider of connected health and personal emergency response services to the aging population, with more than 900,000 paying subscribers.
Teen Tech Center network grows to 21 year-round training locations;
Local communities receive additional $20 million in funding;
New public awareness campaign gives teens a platform for their stories
Minneapolis, July 31, 2018 – Best Buy announced today a campaign that will highlight teens from around the country who participate in the company’s Teen Tech Centers, a network of year-round programs designed to teach technology skills to youth living in underserved communities. This effort is part of a previously announced $20 million grant to the Best Buy Foundation to build out more than 60 of these centers and fund non-profit partners across the U.S.,