The valuation represents a 31% increase from the $6.1 billion valuation the 13-year-old company achieved in April of last year, when it raised a $575 million round led by Franklin Templeton for partly the same purpose: purchasing shares from employees, including to help them cover the taxes associated with converting expiring restricted stock units (RSUs, a form of equity compensation) into shares.
Best Buy is clearly feeling the party vibes. On Feb. 28 (12-2 p.m. local time), Best Buy stores across the country will host in-store Trade and Play events, with demo stations, Pokémon TCG trades, exclusive card drops, freebies, expert tuition, and a whole lot more. Attend solo, bring a friend, or gather together everyone from your neighborhood. This is going to be big.
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