M&A Deal Summary

Best Buy Acquires Musicland Stores

On December 8, 2000, Best Buy acquired retailer Musicland Stores for 685M USD

Acquisition Highlights
  • This is Best Buy’s 2nd transaction in the Retail sector.
  • This is Best Buy’s 2nd largest (disclosed) transaction.
  • This is Best Buy’s 2nd transaction in the United States.
  • This is Best Buy’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2000-12-08
Target Musicland Stores
Sector Retail
Buyer(s) Best Buy
Deal Type Add-on Acquisition
Deal Value 685M USD

Target

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.

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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 2 of 12
Sector (Retail) 2 of 6
Type (Add-on Acquisition) 2 of 11
State (Minnesota) 1 of 2
Country (United States) 2 of 9
Year (2000) 2 of 2
Size (of disclosed) 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-08 Magnolia Hi-Fi

Seattle, Washington, United States

Magnolia is a high end retailer of home theatre electronics and systems.

Buy $87M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-08-14 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.

Buy CA$580M
Mergr

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