Circuit City open to Blockbuster bid
Circuit City is opening its books to Blockbuster after several months of playing hard to get. The struggling electronics chain said Friday that it has retained Goldman Sachs to explore Blockbuster’s $1 billion takeover bid, among other shareholder options. Blockbuster offered $6 to $8 per share on Feb. 17, but Circuit City refused to take the
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Blockbuster offers to buy Circuit City?!
Blockbuster has offered to buy Circuit City Stores for as much as US$1.33 billion in a deal aimed at taking advantage of the global trend of putting media content on electronic devices, the U.S. movie rental giant said Monday. Blockbuster has offered $6 to $8 per share in cash for Circuit City, depending
Apple TV imitator coming from Blockbuster.
The home video giant is developing a set-top device for streaming films directly to TV sets and is expected to announce the offering sometime this month. Blockbuster declined comment, but a spokeswoman for the company said: “We’re talking to numerous companies and vendors about products,
PC Post of the Day: But who else, other than retards and poor minorities, still go to Blockbuster? And by “retards” we mean the mentally retarded, not just plain idiots.
“Blockbuster profits climb high. Earns $38 million in the latest quarter.” Via Variety