Schulze May Drop Best Buy Bid
February 14, 2013
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Best Buy founder Richard Schulze is considering either dropping his bid to take over the company, or taking on a larger minority stake, the Wall Street Journal reported.
According to the report, Schulze has had trouble finding enough financial backing for a full takeover.
The plans are not final and Schulze could go ahead with the initial plan. He has a deadline at the end of the month to submit his bid.
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