Blockbuster Sells Itself for $290 Million

Bankrupt video-rental chain Blockbuster Inc. on Monday said that it has agreed to sell itself for $290 million to its current debt holders in a “stalking horse bid.”
Blockbuster Sells Itself for $290 Million
SOLD: A UPS driver makes a delivery at Blockbuster store last September in Glendale, California. The video-rental business which filed for Chapter 11 bankruptcy in September, agreed to sell itself for $290 million to its current debt holders. Kevork Djansezian/Getty Images
Epoch Times Staff
|Updated:

<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/104384187.jpg" alt="SOLD: A UPS driver makes a delivery at Blockbuster store last September in Glendale, California. The video-rental business which filed for Chapter 11 bankruptcy in September, agreed to sell itself for $290 million to its current debt holders. (Kevork Djansezian/Getty Images)" title="SOLD: A UPS driver makes a delivery at Blockbuster store last September in Glendale, California. The video-rental business which filed for Chapter 11 bankruptcy in September, agreed to sell itself for $290 million to its current debt holders. (Kevork Djansezian/Getty Images)" width="320" class="size-medium wp-image-1807956"/></a>
SOLD: A UPS driver makes a delivery at Blockbuster store last September in Glendale, California. The video-rental business which filed for Chapter 11 bankruptcy in September, agreed to sell itself for $290 million to its current debt holders. (Kevork Djansezian/Getty Images)
Epoch Times Staff
Epoch Times Staff
Author
Related Topics