M&A Deal Summary

Best Buy Acquires Jiangsu Five Star Appliance

On May 12, 2006, Best Buy acquired retailer Jiangsu Five Star Appliance

Acquisition Highlights
  • This is Best Buy’s 5th transaction in the Retail sector.
  • This is Best Buy’s 1st transaction in China.

M&A Deal Summary

Date 2006-05-12
Target Jiangsu Five Star Appliance
Sector Retail
Buyer(s) Best Buy
Deal Type Add-on Acquisition

Target

Jiangsu Five Star Appliance

Nanjing, China
Jiangsu Five Star Appliance Co., Ltd. is an appliance and consumer electronics retailer.

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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 6 of 12
Sector (Retail) 5 of 6
Type (Add-on Acquisition) 6 of 11
Country (China) 1 of 1
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-22 Pacific Sales Kitchen and Bath Centers

Thousand Oaks, California, United States

Pacific Sales Kitchen and Bath Centers, Inc. is a retailer of high-end home improvement products that operates 14 showrooms in Southern California.

Buy $410M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-27 Speakeasy

Seattle, Washington, United States

Speakeasy is a broadband voice (VoIP), data and IT service providers. Speakeasy helps small businesses succeed by offering simplified voice and data solutions that improve the customer experience, increase employee productivity and help cut costs.

Buy $97M