Speakeasy, one of the largest and most popular DSL/VoIP 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 apparently is to promote Speakeasy Small Business DSL through the company’s lesser-known Best Buy for Business program (BBFB). This deal will not happen until the first quarter of 2008. Best Buy plans to run Speakeasy as an independent subsidiary of the retail chain. It's unlikely, that Speakeasy customers will see any significant changes, at least in the short term.
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