Best Buy rejects deal that would see founder take the company private

By Shawn Knight
Mar 1, 2013
Post New Reply
  1. On Friday Best Buy rejected an offer from company founder Richard Schulze to take the electronics retail giant private. Schulze got the ball rolling last summer when he proposed an informal offer of $24 to $26 per share but according...

    Read more
  2. theBest11778

    theBest11778 TS Booster Posts: 194   +52

    Better than expected earnings, and they still lost $409 Million dollars... that's not something I'd be touting as a good thing. Especially since the compnay "Magically" lost 1Billion one quarter last year (embezzlement much?) My suggestion is force them to pricematch Newegg/Amazon, or whoever until they're out of business because that's right around the corner with -$2.2B over two years.
  3. Bye bye Best Buy. They will be out of business by this time next year.

Similar Topics

Create an account or login to comment

You need to be a member in order to leave a comment
TechSpot Members
Login or sign up for free,
it takes about 30 seconds.
You may also...

Get complete access to the TechSpot community. Join thousands of technology enthusiasts that contribute and share knowledge in our forum. Get a private inbox, upload your own photo gallery and more.