Best Buy Founder Said to Be Considering Taking Company Private

Best Buy founder Richard Schulze is exploring taking the world’s largest electronics retailer private as he considers options that include selling his stake, according to a person familiar with the matter. Schulze, who has a 20 percent shareholding in the Richfield, Minn.-based company, is working with Credit Suisse Group AG on his plans, said the person, who asked not to be identified. The 71-year-old said in May he would step down as chairman after an internal probe found he failed to tell the board about allegations that then-CEO Brian Dunn was having an inappropriate relationship with a female employee.