Samsung not looking to acquire stakes in Best Buy

There's been talk recently of Samsung wanting to acquire a few stocks in Best Buy, in a bid to help the struggling retailer and also increase the exposure of its products across Best Buy stores. However, in a post on its blog, Samsung has officially denied it is looking to do any such thing, and that there has been no talk of stock acquisition between either company.

In the past few days, there have been reports that ‘Samsung is considering to acquire stakes in Best Buy’. Please take note that these rumors are not true. There have been no talks whatsoever regarding stock acquisition of either company.

Well, that's a nice and short way of putting an end to rumors.

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Abhijeet Mishra - Editor-in-Chief

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First Samsung device: SGH-D500

Abhijeet's writing career started with guides for custom firmware for Samsung devices (including the original Galaxy S), and he moved to SamMobile in mid-2013 and worked up the ranks to Editor-in-chief. In addition to phones and mobile devices, his interests include gaming on both PC and console, PC hardware, and spending countless hours on YouTube watching videos on tech, movies, games, politics, and internet dramas.

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