M & A wrap: Best Buy focuses on U.S.

November 7, 2011

Best Buy is buying its British partner out of a fast-growing U.S. mobile phone joint venture for $1.3 billion and scrapping plans for a chain of European megastores. The moves are the latest sign Best Buy is scaling back its overseas ambitions to focus on its main U.S. business.

Reuters interviewed dozens of people involved in Groupon’s IPO — including bankers, investors, current and former employees — and they paint a picture of the excruciating path the company took to go public.

Groupon reignites Chicago’s SiliconPrairie dream, Bloomberg reports.

The NYT’s profiles Reid G. Hoffman, the start-up whisperer of Silicon Valley.

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