Best Buy to Acquire GreatCall
08.16.18
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Simpson Thacher is representing Best Buy Co., Inc. in connection with its definitive agreement to acquire GreatCall, Inc. for $800 million. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close by the end of Best Buy's fiscal 2019 third quarter.
Best Buy is a leading provider of technology products, services and solutions. The company has operations in the U.S., Canada and Mexico, and has upward of 1.5 billion visitors to its stores, website and app each year.
GreatCall is the leader in connected health for active aging. With health and safety solutions for older adults and their family caregivers, GreatCall’s innovative suite of easy-to-use mobile products and award-winning approach to customer care helps aging consumers live more independent lives.
The Simpson Thacher team for the transaction includes Alan Klein, Jeff Levine, Evan Zuckerman, Michael Ting and Hilary Albrecht (M&A); Larry Moss and Alisa Tschorke (Employee Benefits); Christopher Murray (Tax); Lori Lesser and Amber Harezlak (Intellectual Property); Steve DeLott (Insurance); Mike Isby (Environmental); Dennis Loiacono (Real Estate); and Joyce Xu (Derivatives).