Blockbuster Up on Hollywood Video Talk
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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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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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Shares of Hollywood Entertainment Corp. rose sharply on Friday on mounting speculation that the No. 2 U.S. movie rental chain could get rival bids topping Blockbuster Inc.'s offer to buy the company for about &#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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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. 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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According to London&#39;s Financial Times, Apple is in advanced discussions with Hollywood movie studios about launching an online film-rental service to rival cable and satellite TV operators. The Wall Street Journal is also reporting the movie-rental deal, citing two studio executives familiar with the matter.
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Clicks versus bricks--the sequel. Netflix (nasdaq: NFLX - news - people ) on Monday struck a blow at movie-rental rival Blockbuster (nyse: BBI - news - people ). The Internet service led by Chairman, President
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Shares of Hollywood Entertainment (HLYW:Nasdaq - news - research) were among the Nasdaq&#39;s winners Thursday, rising 11% after rival Blockbuster (BBI:NYSE - news - research) said that it would like to buy Hollywood Entertainment for about $700 million.
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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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Movie Gallery Inc. on Friday offered  to buy rival movie rental chain Hollywood Entertainment Corp.  for an undisclosed sum, one week after industry leader  Blockbuster Inc. bid about $700 million for Hollywood.
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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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This morning, US movie rental giant Blockbuster announced that 18% of its retail outlets will expand their offerings to include Blu-ray titles only, at least for now.  With retail shelf space a premium commodity in today's market, it's a big gamble for Blockbuster, but the very fact that it's willing to take that gamble may have just tipped the scales in the high-def battle.
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Blockbuster Inc. on Monday put its weight behind Sony Corp.'s Blu-ray DVD format, as the No. 1 video rental chain said it would boost its inventory of the high-definition discs to 1,700 stores by mid-July.
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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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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.  is looking  for partners in an online movie download service, but believes  such services will not siphon off sales of high definition DVDs  until the speed and quality of downloads improve, Chief  Executive John Antioco said on Tuesday.