RICHFIELD, Minn. - In the business world, there's a lot of speculation that a decision on Best Buy's future may be only days away.
A writer for the Star Tribune says founder Richard Schulze may make a bid in the very near future to take the company private.
The news sent Best Buy's stock up nearly 16 percent on Thursday, closing at more than 14 dollars per share. But even with today's gains, the troubled company's stock has lost almost 50 percent of the value it held in March.
Maybe that is why there is some hope that the company's founder, Richard Schultze, can come back and be the hero.
Schultze has said he wants to buy the company back and privitize it. And insiders are saying that the closing of the five or six billion dollar deal will happen soon.
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