Best Buy pins hopes on next-gen TV - Bring Me The News

Best Buy pins hopes on next-gen TV


Best Buy executives are hoping the company's new high-end Sony 4K Ultra High Definition TV sets will help bring the struggling Minnesota-based retailer's future into focus.

The company plans to unveil the next-generation TV sets in 700 of its U.S. stores on Sunday, the Associated Press reports.

Best Buy is trying to brighten its dim TV sales. The TVs are 4 times sharper than traditional HD TVs, with 8.3 million pixels, compared to 2.1 million pixels on regular high-definition TVs, the AP reported.

Of course, Best Buy executives, long battling show-rooming shoppers, also hope the TVs will lure customers into stores – company officials say a live demonstration will convince them this is the next hot trend in television.

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Report: Buyout bid for Best Buy could come as soon as next week

Best Buy founder Richard Schulze will likely make an initial offer to take the company private next week, the Star Tribune reports. That's after CEO Hubert Joly is expected to present his strategy to investors in New York. Joly had to postpone the meeting with Wall Street analysts after the destruction of Hurricane Sandy.

Best Buy to sell Chromebooks

At the Google I/O conference yesterday, Google announced Chromebooks would hit about 100 U.S. Best Buy stores in the coming months. Items will take up shelf space right next to Apple products (presumably, MacBooks).

Best Buy bid delayed?

Richard Schulze wants more time before making an offer for Best Buy, the company that he founded. Reuters reports Schulze, who has been working on his offer for months, is expected to take a 30-day extension to mid-December before submitting his final purchase proposal to Best Buy's board. Citing sources close to Schulze, the Star Tribune reported that his bid would come next week.