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You are here: Home / Phones / Samsung denies acquiring stake in Best Buy

Samsung denies acquiring stake in Best Buy

October 7, 2013 By kunal Leave a Comment

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A rumour originated from South Korea that Samsung is possibly looking to acquire some stake in US’ Best Buy. While the original article seems to have gone missing, Samsung has decided to come clean to squash the ongoing rumour.

In a statement on its official blog, Samsung says “there have been no talks whatsoever regarding stock acquisition of either company”.

So there you have it. Samsung isn’t acquiring anything but enjoys a healthy relationship with the retailer. Earlier this year, Samsung announced to setup experience shops inside 1400 Best Buy stores.

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