Shares of Best Buy are down more than 9 percent this morning. The electronics retailer just reported second quarter profits dropped more than 90 percent.

After resigning as chairman, Best Buy founder Richard Schulze wants to buy the retailer for $8 billion. What will it take to save Best Buy?

Best Buy, the big electronic warehouse store, may be going private. The store's founder and largest shareholder, Richard Schulze, is reportedly talking to Wall Street banks about a major restructuring of the company.

As more shoppers move online, the chain has been caught with too many stores and not enough customers. So, Best Buy will close a slew of its big box stores and open many smaller ones.