M&A Deal Summary

Best Buy Acquires Future Shop

On August 14, 2001, Best Buy acquired retailer Future Shop for 580M CAD

Acquisition Highlights
  • This is Best Buy’s 3rd transaction in the Retail sector.
  • This is Best Buy’s 3rd largest (disclosed) transaction.
  • This is Best Buy’s 1st transaction in Canada.
  • This is Best Buy’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2001-08-14
Target Future Shop
Sector Retail
Buyer(s) Best Buy
Deal Type Add-on Acquisition
Deal Value 580M CAD

Target

Future Shop

Burnaby, British Columbia, Canada
Future Shop is a Canadian retailer and e-tailer of consumer electronic products. It was formed in 1982 and is based in Burnaby, British Columbia.

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Buyer(S) 1

Buyer

Best Buy

Richfield, Minnesota, United States
Category Company
Founded 1966
Sector Retail
Employees61,200
Revenue 46.3B USD (2023)
DESCRIPTION
Entrance to Best Buy's corporate headquarters in Richfield, Minnesota.
Entrance to Best Buy's corporate headquarters in Richfield, Minnesota.

Best Buy is a multi-channel consumer electronics retailer with stores in the United States, Canada, China, and Mexico. Best Buy also sells through its BestBuy.com website. Best Buy was founded in 1966 and is based in Richfield, Minnesota.

DEAL STATS #
Overall 3 of 12
Sector (Retail) 3 of 6
Type (Add-on Acquisition) 3 of 11
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2001) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-08 Musicland Stores

Minneapolis, Minnesota, United States

Musicland Stores Corp. was a music retailing company that ran Musicland, Sam Goody, Suncoast Motion Picture Company, On Cue, and the Media Play Superstore Chains.

Buy $685M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-01 Geek Squad

Minneapolis, Minnesota, United States

Geek Squad is a technology service and repair unit that operates within Best Buy retail stores. It was formed in 1994 in Minneapolis, Minnesota.

Buy -
Mergr

Product

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