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Best Buy exits Europe, selling joint venture stake

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NEW YORK (AP) — Best Buy is looking to exit Europe, selling its stake in its joint venture there to partner Carphone Warehouse Group PLC in a cash-and-stock deal valued at 500 million pounds (about $775 million). The consumer electronics company said Tuesday that the deal allows it to streamline its business and strengthen its balance sheet. The chain said that the sale of its 50 percent...