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Best Buy Could Finally Go Private. Who's Next?

Best Buy (NYSE: BBY  ) may be going private, as early as this week. Rumors are circulating that Richard Schulze, the original founder of Best Buy and a firm believer in the company, is raising the capital to buy it out. He states, however, that at this point, they are only rumors, and nothing is confirmed. In this video, Motley Fool consumer goods analyst Blake Bos discusses what it means for a company to go private, and what the benefits can be.

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Read/Post Comments (3) | Recommend This Article (3)

Comments from our Foolish Readers

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  • Report this Comment On December 13, 2012, at 10:42 PM, cequity wrote:

    BBY, it is possible that bid start at $ 19 or 20

    and end up at $ 24

    No one would be willing to work on a bid for

    $15 / 16 so it got to be starting at 19 or 20

    The deadlines are already completed and now

    is the time to get into serious business.

  • Report this Comment On December 14, 2012, at 9:41 AM, ActionWaters wrote:

    I like how you said that Best Buy finally goes private, but then your introduction sentence is that Best Buy may go private.

  • Report this Comment On December 14, 2012, at 10:04 AM, TMFBos wrote:

    Yeah, sorry about the title. It has since been fixed.



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