Best Buy (BBY) agrees to buy U.K. partner Carphone Warehouse out of their fast-growing 50-50...

|About: Best Buy Co. (BBY)|By:, SA News Editor

Best Buy (BBY) agrees to buy U.K. partner Carphone Warehouse out of their fast-growing 50-50 mobile phone venture in the U.S. for over $1B, reports says. The deal is expected to be announced today, along with plans to close Best Buy's loss-making megastores in the U.K.