According to sources, Best Buy (BBY) is considering options for its business in China, including a sale or partnership, the Wall Street Journal reports. The retailer is said to be working with Bank of America Merrill Lynch (BAC) on its options. The Chinese business could fetch around $300M in a sale, some of the sources say.
- Mergers, Acquisitions & Takeovers
- Best Buy
- Bank of America Merrill Lynch