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Samsung weighs in on Best Buy stake purchase, says it won't happen

Samsung says it won't be purchasing a stake in Best Buy, says 'no talks whatsoever regarding stock acquisition' have happened (KRX:005930, NYSE:BBY)
| Business, Financial & Legal News | Posted: Oct 8, 2013 3:37 am

Last week we reported a rumor about Samsung purchasing a stake in US retail giant Best Buy, but it turns out this is not true. We've heard back from a Samsung spokesperson, who has said:

 

samsung_weighs_in_on_best_buy_stake_purchase_says_it_won_t_happen_02

 

Reports that Samsung is considering to acquire a stake in Best Buy are not true. There have been no talks whatsoever regarding stock acquisition of either company.

 

So there you have it folks, it looks like Samsung won't be swiping its black AMEX to buy some Best Buy stock after all.

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