A new model for Best Buy?

  • Updated: June 7, 2012 - 7:50 PM

 

Best Buy has been shrinking stores, restructuring and cutting costs after losing $1.23 billion the past fiscal year. Facing tough competition online and a CEO scandal, it may be pressured to cut more deeply.

• Richard Schulze said there is "an urgent need for Best Buy to reinvigorate growth."

• The weak economy may limit buyers for Schulze's 20.1 percent stake, worth about $1.3 billion.

• By some estimates, backers would have to offer investors $30 a share, or $12 billion.

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