Blockbuster plans hostile bid for rival
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Blockbuster Inc. raised the stakes Tuesday in its pursuit of rival Hollywood Entertainment Group Inc., threatening a hostile takeover if Hollywood&#39;s board doesn&#39;t start negotiating.
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Blockbuster Inc. has raised its bid for rival movie-rental chain Hollywood Entertainment Corp., launching a hostile cash and stock offer valued at $1.3 billion that it hopes will derail Hollywood's pending sale to Movie Gallery Inc.
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Blockbuster Inc., the largest U.S.  video rental chain, on Thursday said it has offered to buy  competitor Hollywood Entertainment Corp. for about $700  million, topping Hollywood's agreement with a private buyout  firm.
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Blockbuster Inc. , the largest U.S. video rental chain, on Wednesday cut the price for its online rental service, undercutting its rivals in an escalating battle for online customers.
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NEW YORK -- Blockbuster Inc. said Tuesday it plans to âcommence a cash tender offer by mid-January to purchase all of the outstanding shares of Hollywood Entertainment Corp.
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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.
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In an escalating battle for online subscribers, Blockbuster Inc. on Wednesday undercut its smaller rival Netflix Inc. by unveiling a lower subscription fee for DVD rentals.
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Blockbuster (BBI) will present its $11.50-a-share offer for Hollywood Entertainment (HLYW) directly to shareholders if the two companies do not advance toward a friendly transaction.
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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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The country&#39;s largest video store chain made an offer to buy arch rival Hollywood Entertainment yesterday. It&#39;s a risky effort to stave off competition from online DVD rental services like
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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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DOTHAN, Ala. - Video rental chain Movie Gallery Inc. on Friday said it has made an offer to acquire Hollywood Entertainment Corp., countering a $700 million takeover proposed last week by Blockbuster Inc.
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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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Blockbuster Inc. is offering lower-priced plans for online movie rentals as it competes with Netflix Inc. in a market that some analysts say could grow more than 40 percent this year.
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DALLAS, Dec. 28 -- Blockbuster Inc. said Tuesday that 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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Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of nearly &#36;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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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