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Report: Founder of Best Buy May Give Up on Takeover Bid

February 15, 2013
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Richard Schulze, founder of Best Buy Co., may abandon a buyout bid and instead line up investors to take a minority position in the electronics retailer, Reuters reported. Schulze informed the Best Buy board in August that he was interested......

 

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Report: Founder of Best Buy May Give Up on Takeover Bid
February 15, 2013 From Chain Store Age
Richard Schulze, founder of Best Buy Co., may abandon a buyout bid and instead line up investors to take a minority position in the electronics retailer, Reuters reported. Schulze informed the Best Buy board in August that he was interested...
 
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Make no mistake, showrooming is crushing brick-and-mortar, increasingly pushing in-store sales online, where they're almost always inevitably cheaper. With online retail spend growing 16 percent last year, and retailers like Best Buy and Target recently creating Amazon.com price-matching policies, there's no denying the trend.
 

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