Best Buy Co. Inc. said on Tuesday it would buy Speakeasy Inc., an independent broadband voice, data and IT services provider, for about $97 million to strengthen its small business technology portfolio. Best Buy, the top U.S. consumer electronics retail chain, expects to close the acquisition in the first quarter of fiscal 2008 and said the deal should not affect fiscal 2008 earnings.
I don’t recall ever hearing anything that bad about Speakeasy, but now that Best Buy owns them it probably won’t take very long.
Source: Reuters