Item 8.01. Other Events.

On July 11, 2012, Tech Data Corporation (Nasdaq: TECD), a leading distributor of IT products, today announced it has reached an agreement to acquire Brightstar Corp.'s (Brightstar) 50 percent ownership interest in Brightstar Europe Limited (BEL), a pan-European provider of distribution and integrated supply chain solutions for the mobility industry. The two companies formed the joint venture in 2007 to capitalize on the growing mobility and wireless device market in Europe. The transaction is subject to regulatory review and is expected to be completed during Tech Data's third quarter of fiscal year 2013.

The terms of the agreement call for Tech Data to pay Brightstar approximately $165.6 million in cash for Brightstar's equity in the joint venture (reflected as "noncontrolling interest" within the Company's consolidated balance sheet) and the repayment of all loans advanced by Brightstar to the joint venture. As a result of this transaction, Tech Data expects to record an adjustment that decreases additional paid-in capital within shareholders' equity by approximately $92 million, representing the estimated purchase price premium paid to Brightstar for its share of the joint venture and costs incurred associated with the transaction. The actual amount of the adjustment will vary based on the final purchase price allocation, exchange rates and actual costs incurred. Tech Data expects to fund the acquisition with available cash.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

Exhibit 99.1 July 11, 2012 Press Release by Tech Data Corporation

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