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

EPA Standards: A breath of fresh air for the region

News
Thursday, June 12, 2014
EPABY ANDREA DURBIN | OB GUEST BLOGGER

Last week, the Obama administration took an important and welcomed step in the effort to protect the health and well-being of all Oregonians by limiting carbon pollution from existing power plants.


Read more...

The role of higher education as K-12 underperforms

Contributed Blogs
Friday, May 30, 2014
ThumbChalkboardBY DEBRA RINGOLD | OB GUEST CONTRIBUTOR

Since 1970 the performance of our public education system has steadily deteriorated.


Read more...

Reader Input: Energy policy

June 2014
Thursday, May 29, 2014

How serious a problem is climate change? Readers want to have their cake and eat it, too.


Read more...

Portland: Where young people go to work?

News
Friday, June 06, 2014
UntitledBY KATIE AUSBURGER | OB GUEST CONTRIBUTOR

How to build a hipster-friendly work environment.


Read more...

Q&A: David Lively of Organically Grown Co.

News
Tuesday, July 01, 2014
OGCLogoBY HANNAH WALLACE | OB BLOGGER

Demand for organic food continues to soar: Last year, sales of organic food rose to $32.3 billion — up 10% from 2012. In Oregon, organic produce wholesaler Organically Grown Co. has been championing organic growing methods for four decades.


Read more...

Green Your Workplace seminar held at Nines Hotel

News
Wednesday, May 28, 2014

GreenYourWorkplacelogoOBMOregon Business magazine's  "Green Your Workplace" seminar featured a panel of sustainability experts from small, medium and large organizations. The seminar drew 70 people and took place in the Nines Hotel this morning.


Read more...

Downtime with Doug Gastich

June 2014
Thursday, May 29, 2014
BY JESSICA RIDGWAY

How the president of BlueVolt spends his free time.


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