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The Boston Globe

Markets

Best Buy Co.

The Wall Street Journal reported founder Richard Schulze has hired Credit Suisse Group to explore taking the electronics retailer private, citing people familiar with the matter. The shares have fallen 17 percent this year. While Schulze might sell his 20 percent stake, his preference is to take the company private, the Journal said. The search for buyout partners is in the early stages, the report said, citing the people. Best Buy declined to comment.