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Amazon, Best Buy, and Coinstar Are Potential Blockbuster Buyers
Mon Feb 28, 2011 at 05:50 PM ETTags: Blockbuster, Amazon, Best Buy, Redbox, High-Def Retailing, Industry Trends (all tags)
The final sale of the company is expected by April.
It's amazing how quickly things turned around for Blockbuster. They were a giant in the rental industry, and they even became a brand name that describes a product. Like Band-Aid and Jell-O, Blockbuster became the one notable name in its business.
The company is up for sale with a minimum offer of $290 million, or $265 without studio support. Blockbuster submitted a list of potential buyers during its bankruptcy filings. That list includes expected names like Amazon, Best Buy, and RedBox owner Coinstar.
It also includes NCR, the folks behind Blockbuster Express, Sonic Solutions, and even Hollywood Video founder Mark Wattles.
Source: Home Media Magazine
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