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In January 2007, Shanghai saw the formal opening of the first Best Buy-branded shop in China.
[54] Best Buy bought Speakeasy, a broadband VOIP, data, and information technology services company located in Seattle, in March 2007. The transaction was valued at $80 million, and Speakeasy commenced operations as a fully owned subsidiary of Best Buy under the terms of the agreement. Additionally, the company's products were included to Best Buy's For Business program. [55] At March, Best Buy extended its Geek Squad market testing by launching precincts in FedEx Kinkos locations in Indianapolis and Charlotte, North Carolina. [56] Best Buy became the first consumer electronics shop to abandon the analog television market in October 2007, stocking solely digital devices, as mandated by the FCC in June 2009. [57] Best Buy established their first shop in San Juan, Puerto Rico, in February 2008. [58] By March, Best Buy's Geek Squad market testing at Office Depot and FedEx Kinkos locations had concluded. [59] Additionally, in March, the business started pushing Blu-ray optical discs over HD DVD, a move that led to Toshiba's decision to discontinue HD DVD. [60] In May, the firm agreed to acquire 50% of The Carphone Warehouse's retail section, a mobile phone retailer situated in London, England. [61] [62] The transaction was valued at $2.1 billion. [62]
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