Best Buy Changes Mind...Again

In a surprising move, Best Buy has given founder Richard Schulze the go-ahead to pursue his potential acquisition of the company. Just last week, Best Buy rebuked Schulze's initial offer and hired turnaround specialist Hubert Joly as its new CEO. Schulze has been given access to the company's financial information and is allowed to recruit partners for the potential acquisition. Schulze has 60 days to make an offer. If rejected, he would have to wait until January to make another offer.