Takers Line Up To Buy Hollywood Video Stores
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FORT WORTH, Texas -- The Movie Gallery video rental chain said Friday it&#39;s offered to acquire video rental rival Hollywood Entertainment.
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NEW YORK (CBS.MW) -- Blockbuster Inc. wants to acquire rival Hollywood Entertainment for $700 million in a move that would broaden Blockbuster&#39;s standing as the world&#39;s largest movie rental company.
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Three top Hollywood studios are throwing their considerable weight behind one of two competing formats for the next generation of DVDs, citing in part the need to stem piracy.
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Buyers turned up in millions to grab their copies of the DVD and VHS&#39; of Mel Gibson&#39;s &quot;The Passion of the Christ&quot; as they went on sale in markets on Tuesday.
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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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Blockbuster Inc. , the largest U.S. video rental chain, on Thursday said it has contacted Hollywood Entertainment Corp.  about acquiring its top rival for &#36;700 million.
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Contrarian Capital Management, an investment advisor that owns some 1.9 million shares of Hollywood Entertainment Corp., said on Wednesday it asked the No. 2 U.S. video store to rethink its decision to go private through a buyout.
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Video rental chain Hollywood  Entertainment Corp. HLYW.O, which may face a hostile takeover  bid by industry leader Blockbuster Inc. BBI.N, on Monday  agreed to be bought by smaller rival Movie Gallery Inc.  MOVI.O for $850 million.
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Hollywood Entertainment Corp. on  Monday accepted an $850 million acquisition offer from smaller  rival Movie Gallery Inc., but a four-way takeover battle for  the video rental chain appears far from over.
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The No. 1 movie-rental chain offers $700 million to buy the Wilsonville-based company - the industry&#39;s No. 2 outlet. DALLAS â-lockbuster Inc.
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Hollywood Entertainment Corp. said Thursday it has filed documents with the Federal Trade Commission seeking approval of a proposed &#36;850 million merger with Movie Gallery Inc. that would create a larger rival to Blockbuster Inc., the nation's largest video chain.
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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. 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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Movie Gallery Inc. (MOVI.O: Quote, Profile, Research) on Friday said it has offered to buy rival movie rental chain Hollywood Entertainment Corp.
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LOS ANGELES  - With Thanksgiving over  and Christmas still three weeks away, the box office will try  to catch its breath this weekend as moviegoers turn their  attention to other seasonal pursuits like shopping.
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With competition ever more fierce in the LCD TV market, some retailers are finding the most viable option is to join forces.
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Blockbuster has a nice big Christmas gift for movie fans. The video chain is finally dumping its late fees. Forget about rushing back to the store with those DVDs, videotapes and games.