Minnesota-based electronics retail giant Best Buy, reeling from a string of bad news in recent months, had another interesting week. On Thursday, founder Richard Schulze cut ties to the company's board, saying he wanted to pursue "all available options" for his 20.1 percent stake in the company.
On Thursday, it was initially reported that Schulze may sell off his shares.
But not so fast -- would the corporate titan just quietly walk away from the company he founded? Or was Schulze positioning himself for a private takeover? Or some other move?
Wall Street was left speculating, the Pioneer Press reports.
Schulze has a number of options, Reuters says.
The Star Tribune examines Schulze's option to attempt to reclaim control of the company by acquiring it through private investment. Two sources told the Star Tribune that Schulze hired a top lawyer in New York to probe this option, reporter Thomas Lee writes. Such an attempt would set the stage for a battle for the company's future between Schulze and the people he recruited to lead the foundering company.
The New York Times probes whether a leveraged buyout is in Best Buy's future and whether a private equity firm would be interested in company.
Forbes on Friday speculates that Schulze's resignation may be the watershed event the company looks back on as the moment Best Buy halted its downward spiral.
Best Buy announced that Hatim Tyabji would become chairman, effectively immediately, the Wall Street Journal noted as part of its Friday take on the week for Best Buy.
You can follow Best Buy's stock performance here.