The Best Buy bid of founder Richard Schulze was extended to February 28, 2013, according to Best Buy.
Schulze made an earlier proposal to acquire Best Buy for $24 to $26 per share, or a total of $8.16 billion to $8.84 billion last August.
The bid extension has allowed Schulze to submit his offer any time until February.
Read full story: Best Buy bid deadline extended for Richard Schulze