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Press release from Business Wire

Best Buy Company Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP

Tuesday, August 07, 2012

Best Buy Company Inc. Board of Directors Under Investigation by Glancy Binkow & Goldberg LLP13:17 EDT Tuesday, August 07, 2012 LOS ANGELES (Business Wire) -- Glancy Binkow & Goldberg LLP announces that it is investigating potential claims against the Board of Directors of Best Buy Company Inc. (“Best Buy” or the “Company”) (NYSE: BBY) related to the proposed acquisition of the Company by the Company's founder, Richard Shulze (the “Offer”). The Offer is valued at approximately $8 billion, or between $24 and $26 per share. This investigation concerns whether the Board of Directors of Best Buy has breached its fiduciary duties to stockholders by failing to adequately assess Mr. Shulze's Offer, and whether the Company has disclosed all material information to shareholders about the transaction. If you are a shareholder of Best Buy, if you have information or would like to learn more about our investigation, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Louis Boyarsky, Esquire, Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA 90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by email to shareholders@glancylaw.com. This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Glancy Binkow & Goldberg LLPLouis Boyarsky, Esquire,(310) 201-9150Toll Free (888) 773-9224shareholders@glancylaw.com