|Blockbuster Inc. today publically announced that it has offered to acquire Circuit City for $6 to $8 per share, resulting in a potential buy of up to $1.35 billion.|
|Circuit City has fallen on hard times as of late. In 2007, Circuit City had cut hundreds to thousands of jobs in an effort to trim the fat. Dropping its workforce wasn’t enough, however, as the retailer also closed nearly 70 stores in North America.|
To be honest, I thought the next electronics store to shut down after compusa, would have been radioshack, but this one surprised me. I keep wanting to think they mean best buy though, not blockbuster, I would think after netflix, blockbuster would be bought out before circuit city.