Dish, Carl Icahn bid for Blockbuster

Dish, Carl Icahn bid for Blockbuster
According to the Wall Street Journal, Dish Network Corp and investor Carl Icahn have submitted bids for bankrupt Blockbuster Inc.

The bids qualify both for an auction in federal bankruptcy court in Manhattan on Monday. Blockbuster filed for Chapter 11 bankruptcy last September, weighed down with debts of $900 million.



A group of hedge funds headed by Monarch Alternative Capital made a bid of $290 million for the rental chain in February, setting a mark for other bidders.

South Korea's top mobile carrier, Sky Telecom Co Ltd, also said it was considering an investment in Blockbuster.

Icahn has revealed interest in the past in buying Blockbuster, and Dish could find the brand very useful for its video-on-demand (VOD) services. It is not known how much each lodged bids at.

Written by: James Delahunty @ 2 Apr 2011 2:03
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Blockbuster
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  • 4 comments
  • Azuran

    I hope whoever buys Blockbuster liquidates its assets and closes shop.

    2.4.2011 19:07 #1

  • xaznboitx

    Why bid? Just make your own rental store

    3.4.2011 01:29 #2

  • 3MUK

    their buying because of its name. every1 knows the name . GOODWILL
    please feel free to correct me.

    "You can lead a fool to wisdom but you cant make him think"

    "Bizinga"

    3.4.2011 01:32 #3

  • DXR88

    Carl Youcahn

    Powered By

    4.4.2011 00:17 #4

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