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Best Buy Co., Inc. is an American multinational consumer electronics retailer headquartered in Richfield, Minnesota.Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983.
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According to the report, he already owned 20% of the company. This news caused the share price of Best Buy to go up slightly. [4] By late February, talks between Best Buy Co. and Schulze ended. Private equity investors and he sought three board seats in exchange for acquiring a minority stake in the company, but he was not able to line up the ...
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