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July 25, 2014

Best Buy founder explores potential buyout options

Richard Schulze is reportedly talking with banks and looking for potential buyout partners as he considers taking the beleaguered Richfield-based electronics retailer private, Bloomberg reports. Schuzle is Best Buy’s largest shareholder — controlling 20.1 percent of the company’s stock. The 71-year-old abruptly step down as chairman of the board earlier this month to explore his options.