Circuit City files for Chapter 11 bankruptcy
Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection on Monday, falling victim to tighter credit terms from vendors and a loss of market share to Best Buy Co, Wal-Mart Stores Inc and other rivals. The retailer and 17 affiliates filed for Chapter 11 protection from creditors with the U.S. bankruptcy court
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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
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