Best Buy founder one step closer to $11 billion buyout, report says
Best Buy founder Richard Schulze.
(Credit: Best Buy )
Best Buy founder Richard Schulze is closer to making his plans to buyout his creation a reality.
Schulze and private equity firms are currently analyzing Best Buy’s books to help them determine the right price to acquire the remaining shares in Best Buy, Reuters is reporting today, citing sources. Those same sources say that the deal could hit as much as $11 billion.
However, there is still a lot of work to be done before Schulze and his partners will even entertain making an offer. According to Reuters’ sources, Schulze, who started…
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