ADVISORY/Best Buy Completes Musicland Acquisition.Business Editors ADVISORY...for Thursday Thursday: see week. (Feb. 1) NOTE TO EDITORS: Multimedia Assets Available With This Story Include Photo, Corporate Logo --(BUSINESS WIRE) Best Buy Co. Inc. (NYSE NYSE See: New York Stock Exchange :BBY BBY Best Buy (stock symbol) BBY Before Battle of Yavin (Star Wars) BBY BeBeyond (Chinese online community) ) today announced the completion of its acquisition of Musicland Stores Corporation. Musicland became a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Best Buy effective at 11:59 PM on January 31. As part of the acquisition, effective immediately, Best Buy's Senior Vice President Kevin Freeland has been named president of Musicland. You can reach the story directly by going to http://www.newstream.com/cgi-bin/display_story.cgi?1909 This multimedia news story is for free and unrestricted use on your news or information site (and for print or broadcast too). Visit http://www.newstream.com to download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. video, audio, text, graphics and photos. If you have any questions about the story, or about Newstream.com, please write to us at info@newstream.com. |
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