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Carphone Warehouse gets £1.1bn for share of retail stores
Friday 09 May 2008 11:21:27 by Andrew Ferguson

Carphone Warehouse has sold a 50% share in its high street stores to Best Buy. The move may see Best Buy bringing its warehouse style computer and electronics retailing muscle to Europe, but they would not be the first since PC World stores are already large and sprawling offering pretty much the same products.

The interesting thing is what will Carphone Warehouse do with the £1.1bn. Suggestions are that it will be used in part to reduce the debt within the group and may help to fund further growth of the broadband arms that are Talk Talk and AOL Broadband.

Comments

Posted by adriandaz over 9 years ago
Oh dear, another computer and electronics retailer in the market on the back of a recent profit warning from DSGi :o

I guess it will all come down to prices!
Posted by _sjr_ over 9 years ago
Best Buy are more of a Currys than PC World
Posted by doowles over 9 years ago
I would imagine it wants to buy tiscali, god knows why though, they have to be the worst isp out there!
Posted by gayboy-ds over 9 years ago
Tiscali has a good TV service in place and lots of customers - CPW need it.
Posted by KarlAustin over 9 years ago
If you're buying the "worst" ISP out there, that has plenty of customers and they keep on coming back for more - then if you take them over, there's less chance of you making it worse and loosing customers.
Posted by herdwick over 9 years ago
Best Buy also sell a lot of media - CDs DVDs etc - so its more like a mixture of Currys and Zavvi

Their computer sales assistants would fit in well at PC World :-)

Don't know why they decided to bail out CPW's debt problem though.
Posted by andrew (Favicon staff member) over 9 years ago
The Best Buys in Texas/Oklahoma/Arkansas are more like UK PC World than the New York stores which did seem more like a mix of DVD/CD/Computer stuff
Posted by jchamier over 9 years ago
In California and North Carolina, there are two sizes of BestBuy, smaller ones are more Currys, white goods/CDs/DVDs, and the larger have the same but have PCs as well.

I thought CompUSA was the better computer chain, but heard they're bankrupt in most states. Shame.
Posted by carolinenational over 9 years ago
Does anyone have experience of mobile broadband coverage in Cornwall? I travel down their regularly and am thinking about signing up with a mobile broadband provider but have heard coverage can be poor in some rural areas. I’ve been looking at various different mobile broadband providers here: http://www.broadband-expert.co.uk/broadband/mobile and am leaning towards Vodafone.



Any advice would be great. I don’t want to sign up and find I’m paying for a product that doesn’t work!
Posted by CARPETBURN over 9 years ago
Who cares, i wouldnt buy anything from the likes of CPW, best buy or any other big rip off refuse to fix or replace anything chain.
Posted by comnut over 9 years ago
problem is, there are *plenty* of suckers out there that will...
- and lots that dont realize that CPW only sell it, not manage it... just like DIxons Service Group(that includes PCW, currys, dixons..) ALL they know about is selling & warranties..
once you have bought stuff, go to the company- talktalk, AOL, Orange, VirginMedia - you will get a lot more sense from the ACTUAL manager!!
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