Best buy founder

This May Be Best Buy's Last Hope

Best Buy founder Richard Schulze apparently isn't giving up on his dream of taking back his company. Reuters reports that Schulze and a consortium of at least four private equity firms are studying the struggling consumer electronics retailer's books to explore what sources say may be an $11 billion buyout.

Best Buy Founder Mulling Bid to Take Electronics Retailer Private

Best Buy stock pushed higher on word that founder Richard Schulze may be considering a bid to take the electronics retailer private, according to The Wall Street Journal. But Schulze, who owns 20% of the company, may yet decide to sell his stake instead.