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

Discussion in 'TechSpot News and Comments' started by Shawn Knight, Mar 1, 2013.

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  1. Shawn Knight TechSpot Staff Posts: 1,667

    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...

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    Shawn Knight, Mar 1, 2013
    #1

  2. theBest11778 Newcomer, in training

    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.
    theBest11778, Mar 1, 2013
    #2

  3. Guest

    Bye bye Best Buy. They will be out of business by this time next year.
    Guest, Mar 4, 2013
    #3

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