Blockbuster Video: on sale for $290 million

[Rasputin_Vol]

For the price of A-Rod's contract or a Tiger Woods divorce, you could have gotten Blockbuster.

Blockbuster Initiates Process to Sell Company, Enters into "Stalking Horse" Purchase Agreement with Investor Group | Business Wire

Under terms of the Definitive Asset Purchase Agreement with respect to the transaction between the Company and the investor group (the “APA”), Cobalt has agreed to purchase substantially all of the assets of Blockbuster Inc. and its U.S. and international subsidiaries for $290 million, subject to adjustment. The APA has been filed with the Court today. The transaction is subject to the approval of the Bankruptcy Court and the satisfaction of customary closing conditions.

 

[JTrainDavis]

I didn't know they still existed.
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[salutethehill]

For the price of A-Rod's contract or a Tiger Woods divorce, you could have gotten Blockbuster.

Blockbuster Initiates Process to Sell Company, Enters into "Stalking Horse" Purchase Agreement with Investor Group | Business Wire

I worked for Blockbuster from 1995 until 2001. I always enjoyed working there, but a better opportunity came along. Hate to see them suffer.

They were late to the internet game, IMO. Smoked by technology. I'm a big Netflix fan, and in my area, there are at least 10 Redbox kiosks for every Blockbuster kiosk...it seems.

 

[turn3]

I probably paid close to that in late fees back in the day.

 

[BigPapaVol]

Wonder what they're paying for. Inverter is useless and ongoing operation is all red.yay be the goodwill value of the brand. Wonder who put the value on that?
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[bollzy]

they certainly got left behind

 

[govols/cc]

Netflix & the redbox's have taken over along with the online rentals.
Posted via VolNation Mobile

 

[volinbham]

Netflix kills them on the inventory; Redbox kills them on price and ease of access for the hits.

Stuck in the middle is nowhere to be. Dinosaurs.

 

[hohenfelsvol]

Left behind just like Polaroid

 

[vader]

Stuck in the middle is nowhere to be.

Clowns to the left of me, Jokers to the right...

 

[Zasnow]

They are criminals in my book. They want my left nut just to rent a game.I remember an employee told me that jacked thier prices because of Hurricane Katrina.