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Sorry Europeans, Best Buy is ComingMay 8th, 2008 at 7:55 amSource:CenterNetworks A Cartooning Experiment has created a variety of cartoons about the Microsoft-Yahoo deal. The cartoons were created using Bitstrips, a company we interviewed on video at SXSW. Bitstrips really is a pretty fun Web app. Here are the cartoons - click for the full-size version: 
Partner Links
Carphone Warehouse will contribute it’s 2,400 European retail stores to the new company. Best Buy will acquire a 50% stake in the new company for a cash consideration of £1.1 billion, or $2.1 billion. The Carphone Warehouse continues to own 100% of its fixed line telecoms business in the U.K., comprising TalkTalk, AOL Broadband and Opal; and its share of the Virgin Mobile France joint venture. Best Buy continues to hold its 2.9% stake in The Carphone Warehouse. This deal demonstrates just how powerful the mobile connection is and will be in the near-term future. The new company’s goals include growing Carphone Warehouse’s retail business, build consumer electronics market share by opening Best Buy stores in Europe beginning next year and to leverage Best Buy’s U.S. expertise in acquiring deals and products. Carphone Warehouse personnel will assume the initial management of the new company. When the transaction completes, both Best Buy and Carphone Warehouse will own 50% of the newly-formed company.
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In a $2.1 billion deal announced this morning, Best Buy and The Carphone Warhouse will partner together to create a new company to provide Best Buy stores in Europe. This is a pretty complicated transaction — 
