Best Buy Founder Richard Schulze Said to Consider Buyout

Best Buy Co. 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, Minnesota-based company, is working with Credit Suisse Group AG on his plans, said the person, who asked not to be identified because the talks are private.