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[Reuters] Blockbuster bids $1.3B for Circuit City

post #1 of 5
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The idea behind it is for better video distributing on "a variety of devices".
Quote:

ATLANTA/LOS ANGELES (Reuters) - Blockbuster Inc (BBI.N: Quote, Profile, Research) said on Monday it has offered up to $1.3 billion to buy electronics retailer Circuit City Stores Inc (CC.N: Quote, Profile, Research), a bid that drew questions and criticism from Wall Street.

While Blockbuster touted the move as a strategic combination of retailers focused on electronics and digital media, investors were skeptical, and shares of the video rental chain fell more than 16 percent in afternoon trading.
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post #2 of 5
That's an odd move. And lol at Circuit City for only being worth $1.3 billion.
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post #3 of 5
Both companies are slowly dieing off. Why not kill two birds with one stone.
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post #4 of 5
i didn't think blockbuster was that big
    
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post #5 of 5
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Quote:
Originally Posted by SyncMaster753 View Post
i didn't think blockbuster was that big

They are actually expecting to release their own set-top box to compete with AppleTV, Netflix, etc.... make it into a combo with a DVR and compete with TiVo as well I heard on G4.
    
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Overclock.net › Forums › Industry News › Hardware News › [Reuters] Blockbuster bids $1.3B for Circuit City