richard schulze

Founders Taking Their Firms Private: A New Wall Street Trend?

Barnes & Noble's Leonard Riggio, Dell's Michael Dell and Best Buy's Richard Schulze each want to save the troubled companies they founded from the pains of publicly traded life. But is this trend powered by sound thinking, or wishful thinking?

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's Founder Allowed to Pursue Buyout

Best Buy Co and its founder and former chairman Richard Schulze say they have an agreement that will allow Schulze to pursue his plan to try to buy the nation's largest consumer electronics chain.

Best Buy 2Q Profit Drops 90 Percent

Best Buy Co. is reporting a 90 percent drop in net income during the second quarter, dragged down by restructuring charges and weak sales. The company also withdrew its earnings guidance for the year.

Best Buy Buyout Is No Sure Thing

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 Founder Offers to Buy Retailer, Take It Private

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.