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Best Buy Founder Richard Schulze Offers to Buy Firm, Take it Private
Best Buy founder Richard Schulze is offering between $24 and $26 per share for the big-box retailer. Schulze stepped down from his position as chairman of the board earlier this year. “I have been...
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Best Buy Founder Wants to Mimic Apple, Amazon in $10B Turnaround Deal
Earlier this week, we reported that Best Buy founder Richard Schulze wanted to buy the entire company for about $10 billion. Schulze wants Best Buy to succeed moving forward, but fears it’s on a rapid...
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Best Buy Names Hubert Joly CEO
Best Buy announced on Monday that its board of directors has tapped Hubert Joly to serve as the company’s chief executive officer. Best Buy’s former CEO Brian Dunn stepped down in April following a...
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Best Buy Gives Founder the Green Light in Attempt to Purchase the Company
Best Buy and Richard Schulze – the founder of the company – have reached an accord that could see him take back control Richard Schulze announced earlier this month that he wanted to make an attempt...
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Best Buy Founder Begins Examining the Books for Potential Buyout
Best Buy founder Richard Schulze, along with several equity firms, has begun an examination of the electronic retailer’s books to see if an offer can be put together to purchase the company. According...
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Best Buy Extends Deadline for Bid by Company Founder
Schulze's Plans for Best Buy Best Buy Founder Steps Down in Wake of CEO Scandal The founder of Best Buy has stepped down from his position as the Chairmen of the Board following the results of an...
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Best Buy Founder Abandons Plan to Buyout the Company
Best Buy Buyout Saga Best Buy Founder and Chairman Richard Schulze Resigns Best Buy founder, chairman and director Richard Schulze resigned from the big box retailer on Thursday. The news follows the...
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