Richard Schulze to scrap buyout bid


According to Reuters, Richard Schulze, the founder of US
electricals retailer Best Buy, may scrap a buyout bid and instead line up
investors to take a minority position in the company. The news comes two weeks
before the deadline set by Best Buy for Schulze, who owns about 20 percent of
the company, to make a bid for the retailer he founded in 1966.

Share

Twitter Facebook LinkedIn WhatsApp

Related News


Very Group posts Q1 loss

Very Group posts Q1 loss

Luzern eCommerce acquires Tambo

Sign up to receive our newsletter