Wednesday, April 6, 2011

Dish Network acquiring Blockbuster for $228M

Dish Network acquiring Blockbuster for $228M


NEW YORK—Dish Network Corp. said Wednesday that it won the auction for Blockbuster Inc. with a bid valued at $228 million in cash.

As of Tuesday, the satellite TV company, billionaire investor Carl Icahn and a group of debt holders were the three remaining bidders for the Dallas movie-rental chain, which filed for Chapter 11 bankruptcy protection in September.



Read more:Dish Network acquiring Blockbuster for $228M - The Denver Posthttp://www.denverpost.com/entertainment/ci_17782564#ixzz1Ik8WA7xN
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