Articles about bid: September 5, 2008
Blockbuster to acquire Circuit City?
Blockbuster is all set to acquire Circuit City, hoping it would become a very huge electronic gadget chain aside from being a global provider of movies and gaming entertainment.
Blockbuster is reportedly willing to bid over $1 billion, larger than the company’s current value in the stock market, to create a chain similar to the Apple Inc.’s stores. Combining the two companies together, a 9,300 store chain will be readily available to sell movies, games, and gadgets to the US. If and when the deal is finalized, Blockbuster movies and games for sale or rental will be carried by Circuit City stores nationwide while Blockbuster stores will also sell electronics and gadgets.
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