Blockbuster in Hostile Hollywood Video Bid
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Blockbuster Inc. has begun a hostile takeover of its smaller rival, Hollywood Entertainment Corp. Dallas-based Blockbuster officials said Friday the company had approached Hollywood's creditors to buy around &#36;225 million of the video retailer's debt, roughly two-thirds of the Oregon company's overall debt.
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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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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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The nation&#39;s leading chain of video rental stores has raised the stakes on Hollywood Entertainment Corp. (NASDAQ: HLYW). Dallas-based Blockbuster Inc.
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A saga involving a campaign to turn Hollywood Video&#39;s Wilsonville-based parent company private turned into a cliffhanger on Thursday when rival Blockbuster Inc.
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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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Blockbuster Inc. said yesterday 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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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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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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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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Video chain Blockbuster Inc on Friday said it would lower the price of its online DVD rentals to undercut a similar move by Netflix Inc. that sparked a stock a sell-off of both companies' shares.
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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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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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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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Video rental chain Blockbuster Inc.  said on Wednesday it settled a patent dispute with rival Netflix Inc.  that challenged Blockbuster's entry into online DVD rental, but it signaled that the new business was taking a toll on its finances.
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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. said Tuesday it will launch a hostile bid for Hollywood Entertainment Corp. next month if the rival's directors won't negotiate a deal.