Carphone and Best Buy linked with takeover of DSG

Carphone and Best Buy linked with takeover of DSG

Carphone Warehouse and new partner Best Buy could be on the verge of mounting a takeover bid for electrical retailer DSG International, according to analysts.

Morgan Stanley analysts raised their rating of DSG’s stock, citing the possibility of a takeover of DSG by Carphone’s new joint venture group, according to a Bloomberg report.

‘The new venture will need to make an acquisition if it is to achieve its ambitions, and DSG is a plausible target,’ Morgan Stanley analysts said today.

Earlier this month Carphone sold a share of its retail business to US-retailer Best Buy for £1bn, and announced plans to open a number of giant retail stores around the country.

Written by Mobile Today
Mobile Today

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