Blockbuster offers $1 billion-plus for Circuit City

Blockbuster, the No. 1 U.S. movie rental chain, on Monday said it has offered to buy electronics retailer Circuit City Stores for about $1 billion to $1.3 billion in cash.

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Spinner3897d ago

No one shops at CC anymore. lol

Hagaf223897d ago

and no one rents from blockbuster any more, netflix ftw, then hollywood video.

MikeGdaGod3897d ago

the two Circuit City's near me have closed. i prefer Best Buy anyway.

barom3897d ago

I prefer CC over BB. BB seems to always have expensive prices and their games never go on clearence.

Smudge26263897d ago

I disagree on the Hollywood Video bit. Movie Gallery bought out Hollywood Video, but the company went bankrupt last year. They're closing a large number of stores. Here in Boulder, both the Hollywood Video and Movie Gallery closed in the last several months.

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Area_513897d ago

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Covenant3897d ago

There's a CC right down the road from where I live, and honestly, they have very little traffic. Dumping their experienced (e.g., higher-paid) employees was a major mistake...most of the people they hire now are just warm bodies who have minimal experience, and have minimal training.

A buyout seems to be the only thing that will save them...there was a rumor for a while that Wal-Mart was going to acquire them. Now, it's Blockbuster, another troubled retailer. Smells like potential disaster...or the savior of them both. We'll see.

Diabloz3897d ago (Edited 3897d ago )

Werent they bought by Tiger Direct?

Netflix FTW!

mirroredderorrim3897d ago

Supreme fail. Every weekend there is TONS of people going in and out of Blockbuster. I'm over here in California. Blockbuster isn't going anywhere, anytime soon. Nextflix is good business, but Blockbuster has Online, offline rental services, along with video games, electronics and junk food.

Btw, Hollywood video is going out of business. :P
Blockbuster put ALL of my old favorite movie rental places out of business, I don't think Netflix has what it takes to do the same to Blockbuster, but we'll see.

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