Best Buy Founder Dick Schulze Says Goodbye, This Is A Very Big Deal

By Saibus Research:We recently analyzed and evaluated Best Buy's (BBY) recent quarterly results and needless to say Best Buy has a long way to go before it regains the momentum that it previously held during the last decade.

Best Buy Chairman Richard Schulze steps down after an investigation finds that he knew about former CEO Brian Dunn's inappropriate relationship with an employee and failed to report it.Best Buy Co.

(drjeff)

Best Buy founder Richard Schulze has been working hard to buy back the company over the past few months, but now it looks like his takeover attempt in bad shape,

By Robert Broens: Shares of Best Buy (BBY) ended a volatile trading week largely unchanged. Shares spiked up sharply on Thursday after reports circulated that founder Schultz had lined up financing to make an offer for the firm. On Friday a press release from the company indicated that a possible deal might still be far off. Thursday's Media Reports

Schulze's offer of as much as $8.84 billion for Best Buy would make it the largest buyout ever of a U.S. retailer.Two months after former Best Buy Co. Chairman Richard Schulze exited the board amid scandal, he offered to buy the struggling electronics giant for as much as $8.84 billion, a deal that would make it the largest buyout ever of a U.S.

(Reuters) - Best Buy Co Inc founder and former Chairman Richard Schulze offered to take the struggling ele