Filed under: Deals
Troubled movie renter Blockbuster has been looking for a buyer, and we learn today that DISH Network (DISH) has won the auction for the company, with a deal valued at $228 million in cash.
Blockbuster was once the biggest name in video rentals, but it has been unable to keep up with changes in the market created by companies such as Netflix (NFLX) and Redbox.
Continue reading DISH Networks Wins Blockbuster Auction
DISH Networks Wins Blockbuster Auction originally appeared on BloggingStocks on Wed, 06 Apr 2011 12:40:00 EST. Please see our terms for use of feeds.
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Full story at http://www.pheedcontent.com/click.phdo?i=de78482e8cc2c514e522a0f1d3040028
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1 comment:
I think the purchase of Blockbuster from DISH Network was a great idea for both companies. DISH is always leading the way in technology so with Blockbuster added into the mix I can only imagine all the great things that are on their way. I work and subscribe with DISH Network so I was very excited to hear word of the purchase since I've always been a big fan of Blockbuster from way back when. I love the fact that new releases are available up to 28 days before Netflix and Redbox and the prices in-stores have been dropped to around Redbox price. Plus DISH Network has a promo out right now for new customers who sign up for services can get Blockbuster by mail free for 3 months. It's a pretty sweet deal, check it out http://goo.gl.wuMrN.
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