How Will Best Buy (BBY) Stock React To Potential Sale Of Its Chinese Business?

NEW YORK (TheStreet) -- Shares of Best Buy Co., Inc. (BBY) are up slightly in pre-marekt trade, 0.52% to $29.2, as the technology products retailer evaluates its portfolio abroad and considers its options, including a sale or partnership for its Chinese business, sources told the Wall Street Journal.

The company is working with Bank of America Merrill Lynch (BAC), sources say.

The Chinese business reportedly could be sold for about $300 million.

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