Carphone Warehouse shares have taken a turn for the better following rumours that the independent retailer could be bought out, either by US firm Best Buy or Vodafone.
Leading up to the release of Carphone's trading statement next week rumours have abounded that Carphone Warehouse could soon have new owners.
US firm Best Buy already has a small stake in the company, as well as a joint venture in the US which makes this most likely. Best Buy has a market cap of £10 billion and spare cash.
"A cash deal would be both enhancing straight off and lead to an acceleration in the medium term growth rate for Best Buy whilst also giving it entry into a number of European markets in an above average growth product category, " said Mirabaud Securities analyst Steve Clayton.
Vodafone has also been thrown into the mix, but its unsure whether this could be possible due to CPW's independent business model. However, it could be argued that CPW is no longer as independent as they'd like to make out owing to their own portfolio of products.
Whatever happens it's rumoured that next week will see the announcement of "soar away Christmas sales particularly of iPhones.". DSG International recently issued a profit warning due to slower than expected laptop sales citing that people have been buying the iPhone instead.
US firm Best Buy already has a small stake in the company, as well as a joint venture in the US which makes this most likely. Best Buy has a market cap of £10 billion and spare cash.
"A cash deal would be both enhancing straight off and lead to an acceleration in the medium term growth rate for Best Buy whilst also giving it entry into a number of European markets in an above average growth product category, " said Mirabaud Securities analyst Steve Clayton.
Vodafone has also been thrown into the mix, but its unsure whether this could be possible due to CPW's independent business model. However, it could be argued that CPW is no longer as independent as they'd like to make out owing to their own portfolio of products.
Whatever happens it's rumoured that next week will see the announcement of "soar away Christmas sales particularly of iPhones.". DSG International recently issued a profit warning due to slower than expected laptop sales citing that people have been buying the iPhone instead.