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>> BEST BUY Latest News

FEB 19, 2013 - Washington Business Journal

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Capital One selling Best Buy credit cards, ending relationship

McLean-based Capital One Financial Corp. will sell its $7 billion portfolio of Best Buy credit card accounts to Citibank. Capital One (NYSE: COF) and Best Buy Co. Inc. (NYSE: BBY) will also end their contractual credit card relationship early. The sale of the portfolio and the early termination of the relationship are expected to be finalized this summer, with no significant gain or loss for Capital One.

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