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Engadget blog: Wii nears price cut by $50 to $200

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NEW YORK (AP) -- A $50 price cut may be imminent for Nintendo's popular Wii gaming console.

Tech blog Engadget said in a posting late Tuesday night that the Wii, which has cost about $250 since its 2006 launch, will see its price drop to $200 beginning Sunday.

Engadget, which is owned by Time Warner Inc.'s AOL, posted what it said was a leaked memo from Best Buy Co. talking about the price drop.

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