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.
Shares of Best Buy soared Monday after founder Richard Schulze said he wanted to buy the company. In private hands, Best Buy would be able to attempt a turnaround outside of the public limelight, but it won't be easy to get to the fairy tale ending.
Best Buy's founder said Monday that he wants to take the electronics retailer private by buying up all of its shares he doesn't already own in a deal that values the company at as much as $8.84 billion. The news sent Best Buy shares up 24 percent in premarket trading.