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.

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