Blockbuster offers $5 per share dividend
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Special dividend puts media conglomerate Viacom closer to divesting stake in the video rental chain.
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In an obvious attempt to attract its rival's customers to its own online movie rental service, Blockbuster will let Netflix subscribers with a Blockbuster membership rent movies from its stores for free through December 21.
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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 a bid to gain support for its proposed merger with the Adolph Coors Company, the Canadian brewer Molson offered minority shareholders a $316 million special dividend on Friday, contingent on the merger&#39;s approval.
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There may be life left in online video rentals after all. Shares of Netflix (NFLX) jumped nearly 6% to $23.93 on June 7 amid rumors that Amazon.com (AMZN) wants to buy the online DVD rental store.
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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 it said could grow 43 percent this year.
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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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Blockbuster Inc., facing new attacks from big retailers and online operators, has offered $700 million for rival Hollywood Entertainment Corp.
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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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Blockbuster Inc, the No. 1 U.S.  movie rental company, began offering free in-store rentals to  subscribers of online rival Netflix Inc. on Tuesday as it tries  to take market share from Netflix and reach its year-end  subscriber goal.
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DALLAS-- Blockbuster Inc., the nation&#39;s biggest movie rental company, says it will eliminate late fees on games and movies as of Jan. 1-- but if you keep them too long, you buy them.
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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
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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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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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Blockbuster Inc. is in talks  to buy movie download service Movielink, including long-term  contracts with Hollywood's major studios to supply films and TV  shows, for under $50 million in cash and stock, a source  familiar with the situation said on Thursday.
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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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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.