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Best Buy Buying Out Carphone Warehouse
2011-11-07 13:25:02

Best Buy Co Inc. announced on Monday that it is buying out its British partner Carphone Warehouse for $1.3 billion. The company said it would buy out Carphone Warehouse Group Plc from a profit share of their Best Buy Mobile venture in the U.S. and Canada. "Going forward, we are capturing the full profits from our Best Buy Mobile format," Chief Executive Brian Dunn said in a conference call with investors Monday Best Buy said the buyout of Carphone's interest in a profit-sharing...


Word of the Day
mallemaroking
  • Nautical, the visiting and carousing of sailors in the Greenland ships.
This word is apparently from a confusion of two similar Dutch words: 'mallemerok,' a foolish woman, and 'mallemok,' a name for some persons among the crew of a whaling vessel.