Blockbuster Offers &#36;700M for Rival Chain
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Blockbuster Inc., facing new attacks from big retailers and online operators, has offered &#36;700 million for rival Hollywood Entertainment Corp. in a bid to combine the two biggest players in the movie-rental industry.
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CHICAGO  - 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.
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Blockbuster Inc., locked in a bidding war for Hollywood Entertainment Corp., announced Wednesday that it may sweeten its offer for the rival video renter.
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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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Blockbuster has stepped up the pressure on Hollywood Entertainment by threatening to take its $700m (Â£362m) offer for the rival US video rental chain hostile if its management does not agree to negotiate.
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Dallas-based Blockbuster Inc. said Tuesday that it is prepared to make a hostile-takeover bid for rival Hollywood Entertainment Corp.
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Blockbuster Inc. BBI.N, the largest  U.S. video rental chain, on Thursday said it has contacted  Hollywood Entertainment Corp. HLYW.O about acquiring its top  rival for $700 million.
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Blockbuster Inc. is in talks to buy movie download service Movielink, including long-term contracts with Hollywood's major studios to supply films and TV shows, for under $50 million in cash and stock, a source familiar with the situation said on Thursday.
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Blockbuster Inc. is in talks to buy movie download service Movielink for under $50 million in cash and stock, a source familiar with the situation said on Thursday.
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Blockbuster on Thursday said it has contacted Hollywood Entertainment Corp. about acquiring its top rival for $700 million. Hollywood shares jumped 13.
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Blockbuster Inc. BBI.N, the No. 1  U.S. video rental chain, on Tuesday threatened to launch a $1  billion hostile bid for Hollywood Entertainment Corp. HLYW.O  if its smaller rival decides to stick with a previous offer  from a buyout firm.
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Shares of Blockbuster Inc. BBI.N  were sharply higher on Thursday after Hollywood Entertainment's  chief executive said he did not think an attempt to take his  company private would succeed, which was taken as a sign  Blockbuster could prevail in its bid to buy the U.S.'  second-largest video rental chain.
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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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Blockbuster Inc.  on Wednesday offered to raise its unsolicited bid for Hollywood Entertainment Corp. , but said it was denied access to the rival movie chain's books, making a friendly offer unlikely.
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Video rental chain Hollywood Entertainment Corp. , which may face a hostile takeover bid by industry leader Blockbuster Inc. , on Monday agreed to be bought by smaller rival Movie Gallery Inc.  for &#36;850 million.
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Blockbuster Inc., which is struggling for growth as the Internet transforms the movie-rental business, said Tuesday that it&#39;s prepared to launch an unsolicited takeover bid for rival Hollywood Entertainment Corp.
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Blockbuster's willing to up the ante for Hollywood Video.