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Best Buy takeover play ends; turnaround in focus

NEW YORK (Reuters) - Prospects of Best Buy Co <BBY.N> going private ended on Friday when the retailer's founder failed to strike a buyout deal with management, leaving the fate of the world's largest consumer electronics chain in the hands of CEO Hubert Joly and his turnaround plan.Full story

Best Buy CEO: We're Building a Dream Team

  Hubert Joly, CEO of Best Buy, offers insight on the company's major overhaul.

Best Buy's Mikan: New CEO Just What Firm Needs

  In a tightly-controlled call lasting 40 minutes, interim CEO Mike Mikan told investors the firm faces significant challenges, adding that new CEO Hubert Joly is just what the company needs, reports CNBC's Mary Thompson.

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President and CEO of Carlson, Hubert Joly, speaks during the 2010 Reuters Travel and Leisure Summit in New York
President and CEO of Carlson, Hubert Joly, speaks during the 2010 Reuters Travel and Leisure Summit in New York

Hubert Joly, President and Chief Executive Officer of Carlson, speaks during the 2010 Reuters Travel and Leisure Summit in New York in this file photo taken February 23, 2010. Best Buy Co Inc named French businessman Hubert Joly, former head of travel company Carlson, as chief executive on Monday,