Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News

 

Best Buy Founder Richard Schulze Wants to Take Best Buy

Richard Schulze made an offer to buy the retailer for $26 a share.

Aug 6 2012, 7:50am CDT | by

2 Updates
Best Buy Founder Richard Schulze Wants to Take Best Buy
 
 

YouTube Videos Comments

Recommend Your Tweet as Top Tweet:

Full Story

Best Buy Founder Richard Schulze Wants to Take Best Buy

Best Buy founder Richard Schulze stepped down as chairman earlier this year. Now he makes an offer to buy Best Buy and take it private. The purchase price would be in the range of $8.5 billion. Schulze offers about 35% more than the current trading value of Best Buy.

According to Bloomberg Schulze has 20% of Best Buy and his motivation to buy the retailer is to make bold and extensive changes to bring Best Buy back to market leadership.

 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update

Update: 2

UnitedHealth buys Minnetonka HQ building for $53M

Source: Minneapolis- St. Paul Business Journal

US-EU-SCHULZ-REID-LUGAR-CHAMBLISS
UnitedHealth Group Inc. acquired its Minnetonka headquarters building for $53 million. United HealthCare Services Inc. bought the building, at 9900 Bren Road, from 9900 Bren Road LLC, an entity managed by Minnetonka-based Founders Properties, according to a certificate of real estate value filed with Hennepin County. The deal also included a parking structure and 20 acres. Founders Properties was created in 2010 by Opus founder Gerald Rauenhorst along with Best Buy Co. Inc. founder Richard ...
Source: Minneapolis- St. Paul Business Journal   Full article at: Minneapolis- St. Paul Business Journal May 23 2014, 2:06pm CDT
 


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

Comments

blog comments powered by Disqus

Latest stories

iPad Mini Air to be 30% Thinner
iPad Mini Air to be 30% Thinner
Apple's tablet shipments for year 2014 will be roughly the same as last year
 
 
Pamela Anderson Turning To Her Sons During Relationship Drama
Pamela Anderson Turning To Her Sons During Relationship Drama
The former Baywatch star has always been devoted to her sons Brandon, 18, and Dylan, 16, by ex Tommy Lee.
 
 
Helle Berry&#039;s role in Monster&#039;s Ball was first offered to Vanessa Williams
Helle Berry's role in Monster's Ball was first offered to Vanessa Williams
Though Vanessa gave up on a role that won Helle Berry the Oscar for the best actress, she still has no regrets
 
 
Maria Kirilenko ends engagement with Alex Ovechkin
Maria Kirilenko ends engagement with Alex Ovechkin
The press service of the Russian Tennis Federation announced Sunday that Capitals star Alex Ovechkin and Russian tennis pro Maria Kirilenko have broken off their engagement.
 
 
 

About the Geek Mind


Read more about The Geek Mind.