Posted by: Michael on Mon, Apr 14th, 2008
I guess with declining movie rentals and an online rental service that has mainly been a bust, Blockbuster wants to remain in business by buying Circuit City the struggling electronics retail Giant.
Blockbuster has said they are offering 6 to 8 dollars per share, that is nearly 55% higher than the $3.90 the Circuit City Stock price was last week, and to think a year ago it was in the 20 dollar range.
The CEO for Blockbuster told C|net that a merger would create a new blockbuster and this new blockbuster would be the most convenient source for media entertainment.
Comments: (2)
on Mon, Apr 14th, 2008 at 12:33 PM
I like Hollywood Movies better and Frys better
on Mon, Apr 14th, 2008 at 06:18 PM
Both BB and CC are going through some rough times, this is a bad idea.
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