Blockbuster may turn hostile with bid
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DALLAS Blockbuster, the largest US movie-rental chain, said Tuesday that it would introduce a hostile bid for Hollywood Entertainment next month if the rival&#39;s directors would not negotiate a deal.
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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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DALLAS -- Blockbuster Inc. , facing new attacks from big retailers and online operators, has offered $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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You have to give Blockbuster (NYSE: BBI) credit for trying. The company has not sat idly by while a changing competitive landscape slowly chips away at its core movie rental business.
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The battle for video and DVD rentals heated up this week as Blockbuster indicated it would seek to buy out rival Hollywood video and would do so by hostile takeover if necessary.
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Blockbuster Inc., the No. 1 U.S. video rental chain, on Tuesday threatened to launch a &#36;1 billion hostile bid for Hollywood Entertainment Corp. if its smaller rival decides to stick with a previous offer from a buyout firm.
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Blockbuster Inc. BBI.N, the largest  U.S. video rental chain, on Tuesday said it plans to launch a  hostile bid for Hollywood Entertainment Corp. HLYW.O if the  smaller rival will not cooperate with its $700 million takeover  offer.
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Blockbuster Inc. said Tuesday it will launch a hostile bid for Hollywood Entertainment Corp. next month if the rival&#39;s directors won&#39;t negotiate a deal.
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Blockbuster Inc., the largest US video store chain, threatened Tuesday to make a $700 million hostile takeover offer for Hollywood Entertainment Corp.
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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. , the largest U.S. video rental chain, on Tuesday unveiled plans to launch a &#36;1 billion hostile bid for Hollywood Entertainment Corp.  if the smaller rival kept spurning its advances.
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NEW YORK (CBS.MW) -- Blockbuster Inc. wants to acquire rival Hollywood Entertainment for $700 million in a move that would broaden Blockbuster&#39;s standing as the world&#39;s largest movie rental company.
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Blockbuster Inc. (BBI.N: Quote, Profile, Research) , the largest US video rental chain, on Tuesday said it plans to launch a hostile bid for Hollywood Entertainment Corp.
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Blockbuster increased the pressure on its smaller rival Hollywood Entertainment on Tuesday saying that it was prepared to make its $1bn offer for the video rental chain hostile if Hollywoodâs board did not cooperate.
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DALLAS Dallas-based Blockbuster Incorporated is gearing up for a hostile takeover of rival Hollywood Entertainment if the two don&#39;t progress on merger talks.
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DALLAS-Blockbuster Inc. plans to launch an $11.50 per share, cash tender offer to shareholders for Hollywood Entertainment next month in the latest move to acquire its largest competitor.
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Blockbuster&#39;s saber rattling is the latest salvo in a bidding war for Hollywood. Blockbuster values its bid at around US$1 billion: $700 million in cash, plus the assumption of $300 million in debt.