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Dish Network Corp won Blockbuster Inc in a bankruptcy auction for $320 million, further broadening its business beyond satellite TV and setting up a possible showdown with Netflix.
Dish Network Corp. (DISH) ’s proposed acquisition of Blockbuster Inc. (BLOAQ) will bring with it disputes with landlords and movie studios and questions about the viability of its movie-rental business, analysts said.
Satellite-TV provider buys bankrupt video-chain operator Blockbuster’s assets at auction for $320 million.
Dish Network Corp. won Blockbuster Inc. in a bankruptcy auction for $320 million on Wednesday, setting up the satellite TV business to compete with Netflix. Dish won against other big bidders like activist investor Carl Icahn. Dish said the deal, which includes over 1,700 Blockbuster stores, gives it new ways to market its services. The deal covers "substantially all" of the rental chain's ...
WILMINGTON, Delaware (Reuters) - Dish Network Corp won Blockbuster Inc in a bankruptcy auction for about $320 million, boosting the satellite TV provider's online features and marketing reach.
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