Arik Hesseldahl

Recent Posts by Arik Hesseldahl

Best Buy Founder Schulze Offers to Take Retailer Private

Richard Schulze, the founder and former chairman of the struggling electronics retailer Best Buy, has offered to buy out the chain at $24 to $26 a share, according to a report by Bloomberg News. The offer would value the company at about $8.5 billion, and amounts to a premium of between 36 percent and 47 percent over Best Buy’s closing share price on Friday. Best Buy shares soared in premarket trading by more than 21 percent.


Latest Video

View all videos »

Search »

Nobody was excited about paying top dollar for a movie about WikiLeaks. A film about the origins of Pets.com would have done better.

— Gitesh Pandya of BoxOfficeGuru.com comments on the dreadful opening weekend box office numbers for “The Fifth Estate.”