Best Buy (BBY -2%) founder Richard Schulze is mulling whether to scrap plans for a buyout of the...

|About: Best Buy Co. (BBY)|By:, SA News Editor

Best Buy (BBY -2%) founder Richard Schulze is mulling whether to scrap plans for a buyout of the struggling electronics chain and instead (along with other investors) obtain a minority stake, the WSJ reports. Sources claim Schulze, who owns ~20% of Best Buy, hasn't yet secured enough financing for a buyout, which is leading him to explore his options. But no decision has been made yet. The report led Best Buy to dive in the final minutes of trading after rallying earlier.