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Blockbuster bids $1.35B for Circuit City
Blockbuster bids $1.35B for Circuit City
Bloomberg - April 14, 2008
Submitted by KultofCows (Admin) at 7:42AM PST on April 14, 2008
Blockbuster Inc., the biggest movie-rental chain, made an unsolicited offer to buy Circuit City Stores Inc., for as much as $1.35 billion as the second- largest U.S. electronics retailer struggles with falling sales.
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1afsplat posted on Industry News at 8:06AM PST on April 14, 2008. RE: Blockbuster bids $1.35B for Circuit City@KultofCows,
Anyone know how big CC is in the movie business? I don't see it as core, but I'm not close enough to be anything close to an expert.
I would expect they would have the opportunity to use the retail space in the CC stores for movie rentals/sales.
I thought CC was changing their name to "The City"???[ Oracle ] [ Level 22 ] [ Rank: 130 ]bids
20KultofCows posted on Industry News at 7:42AM PST on April 14, 2008. Article: Blockbuster bids $1.35B for Circuit City
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I welcome this news, hope BB buys CC. CC's customer service & stores are pretty bad. Hopefully BB transforms into a business that sells everything that CC carried, while integrating their rental business into those stores as well. Maybe they could seriously increase their Gamerush stores, with these new locations, and start to provide some competition to Gamestop.