Best Buy - Best Buy acquired a majority interest in Chinese appliance retailer Jiangsu Five Star Appliance for $180 million
Time: May, 2006
Place: Jiangsu, China
Details: In May 2006, Best Buy acquired a majority interest in Chinese appliance retailer Jiangsu Five Star Appliance for $180 million. At the time of the deal, Jiangsu was the fourth-largest appliance chain in China with 193 stores across eight Chinese provinces.
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