Just last week we reported rumors that Samsung was considering investing in Best Buy to help the floundering retailer. Both companies came forward recently to refute this. According to an emailed statement, they have not been negotiating for any kind of merger or investment agreement. Here's a quote with the details,
While a firm denial sometimes can actually mean the opposite, in this instance, it seems likely to be true. Of course, we will continue to monitor this and let you guys know if anything changes.