Blockbuster Eyes Hollywood Entertainment
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Blockbuster (BBI:NYSE - news - research) Thursday has made a bid to buy its chief rival, Hollywood Entertainment (HLYW:Nasdaq - news - research), a move that would extend its position as the largest movie rental chain.
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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 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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Video Giant Blockbuster indicated that it plans to, one way or another, acquire its primary rival, Hollywood Entertainment. Blockbuster says it plans to start a cash tender to buy its rival&#39;s shares if its board refuses to negotiate a takeover.
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You have to give Blockbuster (NYSE: BBI) credit for trying. The company has not sat idly by while a changing competitive landscape slowly chips away at its core movie rental business.
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Movie Gallery Inc. on Friday said it has offered to buy rival movie rental chain Hollywood Entertainment Corp. for an undisclosed sum, one week after Blockbuster Inc. bid about &#36;700 million for Hollywood.
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Blockbuster Inc., the nation's largest movie-rental chain, inched closer to a bidding war for Hollywood Entertainment Corp., saying it is still interested in buying its smaller rival despite Hollywood's agreement to be purchased by another competitor, Movie Gallery Inc.
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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., facing new attacks from big retailers and online operators, has offered $700 million for rival Hollywood Entertainment Corp.
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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 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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Hollywood Entertainment Corp. HLWY.O  on Thursday said it is considering a takeover bid from rival  Blockbuster Inc. BBI.N and its founder and Chief Executive  Mark Wattles has resigned.
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Blockbuster Inc. BBI.N, the largest  U.S. video rental chain, on Tuesday unveiled plans to launch a  $1 billion hostile bid for Hollywood Entertainment Corp.  HLYW.O if the smaller rival kept spurning its advances.
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Shares of Blockbuster Inc. BBI.N  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.  on Wednesday offered to raise its unsolicited bid for Hollywood Entertainment Corp. , but said it was denied access to the rival movie chain's books, making a friendly offer unlikely.
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NEW YORK : Blockbuster, the leading US video rental chain, made a bid to swallow rival Hollywood Entertainment spotlighting the sector facing tough times due to emerging technology.
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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.