Best Buy (BBY 1.25%) 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.
Best Buy may be going private; but for now, it's only a rumor.
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