Blockbuster Touts Hostile Hollywood Bid
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Blockbuster Inc. (BBI.N: Quote, Profile, Research) , the largest US video rental chain, on Tuesday unveiled plans to launch a $1 billion hostile bid for Hollywood Entertainment Corp.
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PORTLAND, Ore. Dallas-based Blockbuster Incorporated may have more competition in its bid to acquire Hollywood Video. Billionaire Carl Icahn has jumped into the Hollywood Video takeover fray.
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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., 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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Shares of Blockbuster Inc.  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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Blockbuster Inc. , the top U.S. movie rental chain, said on Wednesday it is willing to raise its bid for Hollywood Entertainment Corp. , a rival that has two other suitors looking to buy it.
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Blockbuster Inc. has decided that bigger is better in the battle to succeed against new technologies and a growing list of competitors.
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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 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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Video rental company Movie Gallery Inc. became the third company to vie for Hollywood Entertainment Corp., claiming Friday that its offer was more likely to win antitrust approval than the $700 million bid made by industry leader Blockbuster Inc.
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12/29/04- Blockbuster is stepping up the pressure in its bid to take over rival video rental chain Hollywood Video. Blockbuster says it will present its $11.50-per-share offer for Hollywood Entertainment directly
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Blockbuster gears up for an ill-fated digital download service.
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Blockbuster Inc. said on Tuesday it remains committed to acquiring Hollywood Entertainment Corp. despite an &#36;850 million bid for the No. 2 video chain by Movie Gallery Inc. last week.
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The head of Hollywood Entertainment Corp.'s abruptly resigned a day after Blockbuster Inc. announced a hostile bid of nearly &#36;1 billion for its smaller movie rental rival, which has already agreed to be acquired for less by a third rental industry player, Movie Gallery Inc.
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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., facing new attacks from big retailers and online operators, has offered $700 million for rival Hollywood Entertainment Corp.
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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.