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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
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.