Best Buy - Best Buy acquired Musicland Stores Corporation

Time: Jan, 2001

Place: Minnetonka, Minnesota, U.S.

Details: In January 2001, Best Buy acquired Musicland Stores Corporation, a Minnetonka, Minnesota-based retailer that sold home-entertainment products under the Sam Goody, Suncoast Motion Picture Company, Media Play, and OnCue brands. Best Buy purchased the company for $425 million in cash and the assumption of $271 million of Musicland debt.

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