Talks between Best Buy (BBY) and a group made up of founder Richard Schulze and three...

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

Talks between Best Buy (BBY) and a group made up of founder Richard Schulze and three private-equity firms over the consortium taking a large minority stake in the retailer have reportedly ended after it was unable to attract the necessary debt and equity financing. Schulze had originally wanted to take Best Buy private; he had until last night to organize a bid, but he'll now have to wait until next year if he wants to try again.