This May Be Best Buy’s Last Hope
Filed under: Company News, Amazon.com, Retail, Best Buy, Market News, Radio Shack
Best Buy (BBY) founder Richard Schulze apparently isn’t giving up on his dream of taking back his company.
Reuters reported Wednesday 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.
Don’t hold out for an immediate resolution. A source tells Reuters that the group is unlikely to have a buyout proposal until mid-November at the earliest, and that’s if…
This May Be Best Buy’s Last Hope originally appeared on DailyFinance.com on 2012-10-04T11:04:00Z.
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