US electronic goods retail giant Best Buy confirmed Tuesday it was withdrawing from Europe, selling its stake in its joint venture launched with Carphone Warehouse Group. A Best Buy statement said the company was selling its interest in a deal worth £500 million (590 million euros, $772 million), divided into a cash deal of £420 million and 80 million shares. Best Buy Europe was created in 2008 with Carphone Warehouse, operating stores in eight countries.

PARIS (Reuters) - France-based electrical goods retailer Darty Plc <DRTY.L> has been put up for sale, according to an advance snippet of an article to be published in the French daily Le Figaro on Monday. Le Figaro's report said that Goldman Sachs was managing the operation and that French retailer Carrefour <CARR.PA> had briefly considered buying the group. The full article was not available and the source of the information was not clear.

Sharp said Tuesday that a capital injection from Taiwan's Hon Hai Precision was off the table, as the deadline passed for a deal seen as crucial for the troubled Japanese electronics giant. Last year, Sharp announced an investment agreement then valued at about $800 million with Hon Hai, which makes Apple gadgets in China, but the deal stalled as the Japanese firm's share price nosedived. Months of speculation over the fate of the deal followed as cash-strapped Sharp sought out other investors, including US-based chipmaker Qualcomm and South Korean rival Samsung.

Cash-strapped Japanese electronics giant Sharp said Monday that a badly needed capital injection from US chipmaker Qualcomm had been delayed as the two sides hammer out details of the pact. Sharp in December announced it had struck a $120 million deal with Qualcomm as it moves to repair its tattered balance sheet with the agreement calling for joint development of liquid crystal display (LCD) panels for smartphones.