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Best Buy Founder, CEO Plan Rare Talk

November 18, 2012

Best Buy CEO Hubert Joly will meet with the company's founder, Richard Schulze, this week in the Twin Cities as Schulze moves closer to making an offer to buy the consumer electronics retailer.

Joly and Schulze are expected to discuss ways to recharge the struggling company, according to multiple sources. While the pair have previously crossed paths, this week's meeting will provide the first real chance for the executives to share their points of view about the company in a substantial way, a source close to the situation said.

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