Blockbuster Offers to Buy Circuit City

Started by YoKenny, Apr 15 2008 05:05 PM

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#1 OFFLINE YoKenny

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Posted 15 April 2008 - 05:05 PM

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Blockbuster Offers to Buy Circuit City

Blockbuster said it has made a bid to pay up to $1.35 billion for Circuit City, which questioned whether the deal could be financed.

By Ylan Q. Mui
Washington Post Staff Writer
Tuesday, April 15, 2008

Blockbuster said yesterday that it has made an unsolicited offer to buy the struggling Circuit City for more than $1 billion and create a new type of store that would merge multimedia content and consumer electronics

http://www.washingtonpost.com/wp-dyn/conte...isrc=newsletter

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#2 OFFLINE Anthony A

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Posted 15 April 2008 - 08:12 PM

YoKenny, on Apr 15 2008, 01:05 PM, said:

http://www.washingtonpost.com/wp-dyn/conte...isrc=newsletter

If that goes through it will be a disaster. Both companies are in bad shape. One article I read described this merger as two drunks trying to hold each other up.

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