MINNEAPOLIS – April 30, 2013 – Best Buy Co., Inc. (NYSE:BBY), the leading authority and destination for technology products and services, today announced that it has entered into a definitive agreement for the sale of its 50 percent interest in Best Buy Europe, the joint venture it created in 2008 with Carphone Warehouse Group plc (CPW). The sale price of £500 million (approximately $775 million as of April 29, 2013) is comprised of £420 million in cash and £80 million in CPW stock subject to a 12-month lock-up restriction.
huberty joly best buy
RICHFIELD, Minn. September 4, 2012 – Best Buy Co., Inc. has announced that today is Hubert Joly’s first official day as President and Chief Executive Officer of the company. Joly, appointed to his position August 20, 2012 by the Board of Directors, will spend his first week on the job working as a Blue Shirt in several Best Buy locations in the Minneapolis-St. Paul area.
“Best Buy is a company with an amazing history, enormous assets and great opportunities,” Joly said.