Speakeasy acquired by Best Buy

Vikingod · Mar 27, 2007, 03:57 PM

Source: Ars Technica
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One of the largest and certainly most popular DSL providers in the United States has been acquired by Best Buy, according to the two companies. The purchase price was reported as $97 million, which the companies put at 20% greater than Speakeasy's 2006 revenues.

Best Buy bought Speakeasy for its business operations. The plan is to promote Speakeasy Small Business DSL through the company’s lesser-known Best Buy for Business program (BBFB).

Does this mean big changes are in store for Speakeasy customers? It's unlikely, at least in the short term. The deal won't even go down until the first quarter of 2008, and even then the plan is to run Speakeasy as an independent subsidiary of Best Buy. For now, both Speakeasy and Best Buy are focusing much of their public statements on keeping customers comfortable with the change.

Mar 27, 2007, 03:57 PM	#1
Vikingod Int'l Fish Liaison Join Date: Jul 2004 Location: By the light of lamp I sit and type... Posts: 16,197 Rep Power: 112 System Specs	Speakeasy acquired by Best Buy Source: Ars Technica ____________ One of the largest and certainly most popular DSL providers in the United States has been acquired by Best Buy, according to the two companies. The purchase price was reported as $97 million, which the companies put at 20% greater than Speakeasy's 2006 revenues. Best Buy bought Speakeasy for its business operations. The plan is to promote Speakeasy Small Business DSL through the company’s lesser-known Best Buy for Business program (BBFB). Does this mean big changes are in store for Speakeasy customers? It's unlikely, at least in the short term. The deal won't even go down until the first quarter of 2008, and even then the plan is to run Speakeasy as an independent subsidiary of Best Buy. For now, both Speakeasy and Best Buy are focusing much of their public statements on keeping customers comfortable with the change.