Blockbuster Makes $1.3 Billion Hostile Bid for Hollywood
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Blockbuster Inc. has raised its bid for rival movie-rental chain Hollywood Entertainment Corp., launching a hostile cash and stock offer valued at $1.3 billion that it hopes will derail Hollywood's pending sale to Movie Gallery Inc.
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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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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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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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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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Little more than a year ago, it seems that a combination between the largest movie rental company, Blockbuster (NYSE: BBI), and the second-largest, Hollywood Entertainment (Nasdaq: HLYW), would have certainly raised antitrust questions.
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NEW YORK -- Blockbuster Inc. said Tuesday it plans to âcommence a cash tender offer by mid-January to purchase all of the outstanding shares of Hollywood Entertainment Corp.
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Blockbuster Inc., the nation's largest movie-rental chain, said Tuesday it is still interested in buying Hollywood Entertainment Corp., despite its smaller rival's agreement last week to be purchased by another competitor, Movie Gallery Inc., for about &#36;850 million.
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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.
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Blockbuster Inc., the No. 1 U.S. video rental chain, on Tuesday threatened to launch a &#36;1 billion hostile bid for Hollywood Entertainment Corp. if its smaller rival decides to stick with a previous offer from a buyout firm.
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Dallas-based Blockbuster Inc. said Tuesday that it is prepared to make a hostile-takeover bid for rival Hollywood Entertainment Corp.
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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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Shares of Blockbuster Inc. plunged nearly 17 percent on Tuesday after a new threat emerged to the world's largest chain of movie-rental stores: Apple Inc. announced it now offers movie downloads via iTunes.
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Blockbuster Inc. , the largest U.S. video rental chain, on Wednesday cut the price for its online rental service, undercutting its rivals in an escalating battle for online customers.
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Hollywood Entertainment Corp.  HLYW.O, which may face a hostile takeover bid by Blockbuster  Inc. BBI.N, on Monday agreed to be bought by smaller rival  Movie Gallery Inc. MOVI.O for about $850 million in a merger  of two big U.S. video rental chains.
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Blockbuster Inc. , the largest U.S. video rental chain, on Tuesday unveiled plans to launch a &#36;1 billion hostile bid for Hollywood Entertainment Corp.  if the smaller rival kept spurning its advances.
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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.