Best Buy Co. Inc. founder Richard Schulze has tapped at least four top private equity firms to help finance his $8.8 billion plan to buy the company.
• Apollo Global Management, New York. Assets under management: $105 billion.
• KKR & Co., New York. Assets under management: $61.5 billion.
• TPG Capital, Fort Worth, Texas. Assets under management: $51.5 billion.
• Leonard Green & Partners, Los Angeles. Assets under management: not available.
Source: Companies
More from Star Tribune
More from Star Tribune
More from Star Tribune
More from Star Tribune
More From Star Tribune
More From Business
Business
Stock market today: Wall Street falls on double dose of disappointing economic data, as Meta sinks
Stocks closed lower on worries about a potentially toxic cocktail for financial markets, one where inflation remains stubbornly high but the economy's growth flags. A sharp drop for Meta Platforms, one of Wall Street's most influential stocks, also dragged the market lower. The S&P 500 fell 0.5% Thursday after paring an earlier drop of 1.6%. The Dow Jones Industrial Average lost 1%, and the Nasdaq composite gave back 0.6%. Treasury yields climbed after the government reported that inflation remained hotter than forecast during the first three months of the year. The economy's growth also slowed more than expected.
Business
Athletic director used AI to frame principal with racist remarks in fake audio clip, police say
A high school athletic director in Maryland has been charged with using artificial intelligence to impersonate a principal on an audio recording that included racist and antisemitic comments, authorities said Thursday.
Business
Minneapolis smokers to pay some of the highest cigarette prices in US with a $15 per-pack minimum
Smokers in Minneapolis will pay some of the highest cigarette prices in the country after the City Council voted unanimously Thursday to impose a minimum retail price of $15 per pack to promote public health.
Business
BNSF becomes 2nd major railroad to sign on to anonymous federal safety hotline for some workers
BNSF will become the second major freight railroad to allow some of its employees to report safety concerns anonymously through a federal system without fear of discipline.
Business
Venice tests a 5-euro entry fee for day-trippers as the Italian city grapples with overtourism
Under the gaze of the world's media, the fragile lagoon city of Venice launched a pilot program Thursday to charge day-trippers a 5-euro ($5.35) entry fee that authorities hope will discourage visitors from arriving on peak days and make the city more livable for its dwindling residents.
