Best Buy Founder Weighs Buyout

Best Buy Co. founder Richard Schulze is working with Wall Street bankers to explore taking the electronics retailer private, according to people familiar with Mr. Schulze’s thinking.

The company’s largest shareholder, Mr. Schulze controls slightly more than 20 percent of Best Buy stock. He abruptly resigned his post as chairman and director at the Richfield, Minn., company earlier this month, saying he was pondering options for his stake.

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