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Samsung reportedly in talks to acquire stake in Best Buy

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Samsung to Acquire Stake in Best Buy
We learned on Friday that Samsung is set to bring in record profits this quarter, but that analysts do not believe smartphone-driven profit growth will be sustainable in the coming years. In order to counteract increasing market saturation, Samsung might be looking into buying a stake in Best Buy, one of the largest electronics retailers in the United States. Speaking with The Korea Times, Samsung vice chairman Lee Jae-yong said that he "recently met with senior executives at Best Buy and discussed pending business issues."

 

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