Topic: Brian Dunn
The poor report was announced a day after Best Buy name Hubert Joly, former CEO of the Carlson travel company as its new CEO and president.
Best Buy offer from the company's co-founder would take the electronics seller private only months after leaving as the company's chairman following a scandal involving its CEO. The Best Buy offer values the company at $8.84 billion.
It's the latest news to hit the Minneapolis company facing a CEO scandal and increasing competition from online retailers, and it removes one obstacle for a possible private equity takeover.
07/06/2009 01:00 am