Best Buy founder Richard Schulze has submitted a written proposal to buy the electronics retail chain in a deal that would value the company at as much as $8.8 billion. Schulze is currently the company’s largest stakeholder with about a 20 percent share of the business. He stepped down as chairman of the company he founded in June amid a scandal involving CEO Brian Dunn and a female employee. At the time, he declared that he was exploring all his options for his 69 million shares.
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Best Buy Founder Makes His Move
Posted by: Rachelle Dragani August 7, 2012 07:00 AMBest Buy founder Richard Schulze has submitted a written proposal to buy the electronics retail chain in a deal that would value the company at as much as $8.8 billion. Schulze is currently the company’s largest stakeholder with about a 20 percent share of the business. He stepped down as chairman of the company he founded in June amid a scandal involving CEO Brian Dunn and a female employee. At the time, he declared that he was exploring all his options for his 69 million shares.