{"id":740077,"date":"2013-03-01T09:30:10","date_gmt":"2013-03-01T14:30:10","guid":{"rendered":"http:\/\/bgr.com\/?p=354081"},"modified":"2013-03-01T09:30:10","modified_gmt":"2013-03-01T14:30:10","slug":"best-buy-founder-drops-plans-for-buyout","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/740077","title":{"rendered":"Best Buy founder drops plans for buyout"},"content":{"rendered":"<center><a href=\"http:\/\/bgr.com\/2013\/03\/01\/best-buy-buyout-talks-end-354081\/\"><img data-recalc-dims=\"1\" width=\"650\" height=\"422\" src=\"http:\/\/boygeniusreport.files.wordpress.com\/2012\/08\/best-buy-sign-store-2.jpeg?w=650&#038;h=422&#038;crop=1&#038;resize=650%2C422\" class=\"attachment-feed_normal wp-post-image\" alt=\"Best Buy Buyout Talks\" title=\"Best Buy\" \/><\/a><\/center>Best Buy (<a href=\"http:\/\/finance.yahoo.com\/q?s=005930.KS&amp;ql=0\">BBY<\/a>) on Friday announced that it did not receive an offer from founder Richard Schulze for <a href=\"http:\/\/bgr.com\/2012\/06\/27\/best-buy-private-founder-buyout-rumor\/\">a proposed buyout<\/a>. Schulze originally planned <a href=\"http:\/\/bgr.com\/2012\/08\/06\/best-buy-buyout-offer-schulze-8-5-billion\/\">to take Best Buy private for $24 to $26 a share last August<\/a>, however he failed to secure financing and make a bid for the retail giant <a href=\"http:\/\/bgr.com\/2012\/12\/14\/best-buy-buyout-deadline-extended-249330\/\">prior to the February 28th deadline<\/a>. Talks between the two parties reportedly ended after Schulze and his private-equity investors sought three board seats in exchange for acquiring a minority stake in the company, <a href=\"http:\/\/www.bloomberg.com\/news\/2013-03-01\/best-buy-talks-with-founder-richard-schulze-said-to-have-ended.html\">according to <em>Bloomberg<\/em><\/a>. <a href=\"http:\/\/bgr.com\/tag\/best-buy\">Best Buy<\/a> will now continue to focus \"on its transformation for the benefit of all of its stakeholders.\"<img src=\"http:\/\/feeds.feedburner.com\/~r\/TheBoyGeniusReport\/~4\/xtLFB7fOLNQ\" height=\"1\" width=\"1\"\/>","protected":false},"excerpt":{"rendered":"<p>Best Buy (BBY) on Friday announced that it did not receive an offer from founder Richard Schulze for a proposed buyout. Schulze originally planned to take Best Buy private for $24 to $26 a share last August, however he failed to secure financing and make a bid for the retail giant prior to the February [&hellip;]<\/p>\n","protected":false},"author":4810,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-740077","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-36wJ","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/740077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/4810"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=740077"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/740077\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=740077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=740077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=740077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}