Dish Network has
agreed to buy Blockbuster more than six months after the movie rental chain
filed for Chapter 11 bankruptcy. Dish "won" a bankruptcy court auction for the company, with a winning bid of $320 million, although negotiations pushed the final price down to a paltry $228 million. Tom Cullen, Dish Network's executive vice president of sales, marketing and programming, says his goal is to "re-establish Blockbuster's brand as a leader in video entertainment."
Tags: acquisition, bankruptcy, Blockbuster, BlockbusterBought, Dish, DishNetworkBuysBlockbuster, money, movies, rentals, top
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Comments
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Subscribe to commentsasssvvvvxcApr 6th 2011 9:13PM
Dish Network buys Blockbuster Video. Next acquisition on their list: The DuMont Network