Best Buy will acquire half of The Carphone Warehouse's European and US retail interests

A Carphone Warehouse shop is pictured in Cambridge, eastern England. The Carphone Warehouse Group, the mobile phone retailer, has said it has agreed to sell 50 percent of its retail operations to US electronics group Best Buy for £1.1 billion in cash as part of an overall tie-up.
Photo:Leon Neal/AFP

AFP - Thu May 8, 5:03 AM

A Carphone Warehouse shop is pictured in Cambridge, eastern England. The Carphone Warehouse Group, the mobile phone retailer, has said it has agreed to sell 50 percent of its retail operations to US electronics group Best Buy for £1.1 billion in cash as part of an overall tie-up. Photo:Leon Neal/AFP

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