Tuesday, March 27, 2007

Best Buy Buys Speakeasy

Big box retailer Best Buy announced that it purchased ISP and VoIP Provider Speakeasy for $97M, which is 1.2 annual revenues of the Seattle based service provider ro 40,000 customers. Supposedly this fits with the strategy of Best Buy for Business, the one-stop shop for all things for small business. BTW, Speakeasy is saying that their ARPU at $80M in revenue is $167. Nice. (1.2x AR).

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