TechTaffy

tech:

taffy

Best Buy Exits Europe In $775 Million Deal

By TechTaffy Desk

Best_Buy_logo

Best Buy has entered into a definitive agreement for the sale of its 50 per cent interest in Best Buy Europe, the joint venture it created in 2008 with Carphone Warehouse. The roughly $775 million cash-and-stock deal is expected to close in June this year.

Hubert Joly (President and CEO, Best Buy): Each international market is different and the sale of our European operations should not suggest any similar action in our other international businesses.

Best Buy formed the Best Buy Europe joint venture with CPW in June 2008. The joint venture operates stores in eight countries.

Just in

Industry

Silicon Labs appoints Radhika Chennakeshavula as CIO

Silicon Labs has appointed Radhika Chennakeshavula as chief information officer.
Around the web

Apple deletes WhatsApp, Threads from China app store on orders from Beijing — CNN

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog, writes Juliana Liu.
Industry

Singtel, Vonage partner to integrate Paragon platform

Singtel has announced a partnership with Vonage, a cloud communications company and subsidiary of Ericsson, to help enterprises and telcos innovate and scale their services through Singtel's orchestration platform, Paragon. 
Industry

Former VMware COO Mike Hayes joins Mirantis board

Mirantis, a company that provides open source software for infrastructure control, has appointed Mike Hayes to its board.
Industry

Boston Dynamics unveils fully-electric Atlas robot

Boston Dynamics is retiring its hydraulic Atlas robot and introducing a fully electric version of its humanoid robots.