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Businesses

Submission + - Buying back Best Buy Founder's plan to retake the company (washingtonpost.com)

lipanitech writes: "Best Buy extends deadline for founder’s takeover bid to February. Best Buy founder and former CEO Richard Schulze, who is trying to buy his former company, had asked the retailer for an extra 30 days to conduct due diligence before decided whether to make a bid. Schulze was said to be working with three private-equity firms to offer a more appealing proposal to the company and had also been interested to see how Best Buy performed over the holiday season."

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