Blockbuster To Launch Bid for Hollywood
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&quot;The proposal Blockbuster is prepared to make is clearly in the best interests of Hollywood and Blockbuster shareholders as well as consumers,&quot; says Blockbuster CEO John Antioco.
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The nation&#39;s leading chain of video rental stores has raised the stakes on Hollywood Entertainment Corp. (NASDAQ: HLYW). Dallas-based Blockbuster Inc.
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Blockbuster Inc., facing new attacks from big retailers and online operators, has offered $700 million for rival Hollywood Entertainment Corp.
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Blockbuster Inc.  on Tuesday said it would eliminate late fees on movies and games in the latest attempt to jump-start a rental business being hammered by competition ranging from online companies to discount retailer Wal-Mart.
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Why didn&#39;t shares of video rental chain Hollywood Entertainment (Nasdaq: HLYW) move much yesterday on news that Blockbuster (NYSE: BBI) plans to make a tender offer for its shares next
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Blockbuster Inc said on Thursday it  will raise prices for its Total Access subscription plans and  lower prices for two DVD By Mail plans in an effort to pare  losses and boost subscribers.
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Blockbuster Inc. , the largest U.S. video rental chain, on Thursday said it has contacted Hollywood Entertainment Corp.  about acquiring its top rival for &#36;700 million.
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NEW YORK -- Blockbuster appears to have kicked off a bidding war for Hollywood Entertainment on Thursday after the No. 1 video retailer said it&#39;s prepared to offer about $742 million for its closest, albeit still distant, rival.
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Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of about $850 million from smaller rival Movie Gallery Inc. in a deal that would create a stronger challenger to the industry leader Blockbuster Inc.
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Blockbuster Inc. has begun a hostile takeover of its smaller rival, Hollywood Entertainment Corp. Dallas-based Blockbuster officials said Friday the company had approached Hollywood's creditors to buy around &#36;225 million of the video retailer's debt, roughly two-thirds of the Oregon company's overall debt.
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Video Giant Blockbuster indicated that it plans to, one way or another, acquire its primary rival, Hollywood Entertainment. Blockbuster says it plans to start a cash tender to buy its rival&#39;s shares if its board refuses to negotiate a takeover.
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By DAVID KOENIG DALLAS - Blockbuster Inc. is offering lower-priced plans for online movie rentals as it competes with Netflix Inc. in a market that it said could grow 43 percent this year.
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Hollywood Entertainment Corp. said Thursday it has filed documents with the Federal Trade Commission seeking approval of a proposed &#36;850 million merger with Movie Gallery Inc. that would create a larger rival to Blockbuster Inc., the nation's largest video chain.
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NEW YORK : Blockbuster, the leading US video rental chain, made a bid to swallow rival Hollywood Entertainment spotlighting the sector facing tough times due to emerging technology.
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Blockbuster Inc. said Tuesday it will launch a hostile bid for Hollywood Entertainment Corp. next month if the rival's directors won't negotiate a deal.
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Movie-rental company Blockbuster Inc.   is in advanced talks to acquire Movielink LLC, an  online movie-downloading company owned by the major Hollywood  studios, the Wall Street Journal said on Thursday, citing  people familiar with the matter.
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Blockbuster Inc., the largest U.S.  video rental chain, on Thursday said it has contacted Hollywood  Entertainment Corp. about acquiring its top rival for $700  million.