Best Buy, Samsung Deny Stake Talks
A wild report late late last week stated that Samsung was in talks to acquire a stake in Best Buy. However, both parties have issued a statement that the story was false and no such talks have taken place.
“In the past few days, there have been reports that ‘Samsung is considering to acquire stakes in Best Buy,' representatives said in a joint statement to BGR.com, which had repeated the original report from Korea Times. "Please take note that these rumors are not true. There have been no talks whatsoever regarding stock acquisition of either company.”
The two companies partnered earlier this year to put Samsung Experience Shops in hundreds of Best Buy locations.