Home Must Reads Best Buy founder offers to buy company

Best Buy founder offers to buy company

| Print |  Email
Must Reads
Monday, August 06, 2012

Best Buy co-founder Richard Schulze wants to take the company private by buying all its shares he doesn't already own.

It's the latest twist to the Minneapolis company's struggles to stay relevant as more and more people buy electronics online. Over the past year it has announced a major restructuring plan and fired its CEO. The company is attempting to revamp itself to avoid the fate of its rival Circuit City, which went bankrupt in 2009, partly because of changing shopper habits.

Schulze already has a 20.1 percent of the stock in the company, so paying for the rest of shares would mean coming up with about $6.9 billion.

Read more at The Statesman Journal.

{biztweet}best buy{/biztweet}

 

More Articles

Attack of the Robin Sages

Contributed Blogs
Monday, July 07, 2014
070714 thumb linkedinfakesBY TOM COX | OB BLOGGER

Named after the 2010 experiment by Thomas Ryan, "Robin Sages" are fake social media profiles designed to encourage linking and divulging valuable information.


Read more...

Downtime

September 2014
Wednesday, August 27, 2014
BY JESSICA RIDGWAY

How State Representative Julie Parrish (House District 37) balances life between work and play.


Read more...

Report Card

September 2014
Tuesday, August 26, 2014

Strong public schools shore up the economy, survey respondents say. But local schools demonstrate lackluster performance.


Read more...

Shipping News

September 2014
Tuesday, August 26, 2014
BY JENNIFER MARGULIS

In 2012 The Dalles, a city of some 14,400 located 75 miles east of Portland and often seen as the poor cousin to adjacent Hood River, completed a massive project to revitalize its dock.


Read more...

What I'm Reading

September 2014
Wednesday, August 27, 2014

Kim Ierian, President of Concorde Career Colleges, and Deborah Edward, Executive Director of Business for Culture & the Arts, share their recent reads.


Read more...

Podcast: Interview with Pete Friedes

Contributed Blogs
Wednesday, August 27, 2014

082714-thumb friedesbookTom Cox interviews Pete Friedes, author of "The 2R Manager," about becoming a Best Boss.


Read more...

Tight and Loose

September 2014
Wednesday, August 27, 2014
BY JENNIFER MARGULIS

As schools implement more rigorous academic standards, holistic and flexible approaches to K-12 education flourish.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS