Best Buy founder may scrap buyout bid



By Dhanya Skariachan and Jessica Toonkel and Olivia Oran

“(Reuters) – Best Buy Co Inc  founder Richard Schulze may scrap a buyout bid and instead line up investors to take a minority position in the electronics retailer, sources familiar with the situation said on Wednesday.

The latest twist in Schulze’s months-long quest came two weeks before the deadline set by Best Buy for him to make a bid for the company he founded in 1966.”

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