Video Rental Wars: Blockbuster Seeks Takeover of Hollywood Video
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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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Video rental giant Hollywood Entertainment Corp. has agreed to a buyout offer of about $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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Blockbuster is said to be talking to movie download service Movielink over a possible acquisition, The Wall Street Journal reported on Thursday. The deal would be worth about $50 million in cash and stock.
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No. 1 video rental chain says price would be $11.50 cash for each share of Hollywood, possibly more. NEW YORK  - 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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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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Blockbuster Inc., the largest US video store chain, may turn its $700 million bid for Hollywood Entertainment Corp. into a hostile takeover attempt if the smaller company&#39;s board doesn&#39;t cooperate.
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A patent dispute challenged Blockbusterâs entry into online DVD rental. The company also signaled that the new business was taking a toll on its finances.
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DALLAS Blockbuster, the largest US movie-rental chain, said Tuesday that it would introduce a hostile bid for Hollywood Entertainment next month if the rival&#39;s directors would not negotiate a deal.
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Video rental chain Hollywood Entertainment Corp. , which may face a hostile takeover bid by industry leader Blockbuster Inc. , on Monday agreed to be bought by smaller rival Movie Gallery Inc.  for &#36;850 million.
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Blockbuster Inc. (BBI.N: Quote, Profile, Research) , the largest US video rental chain, on Tuesday said it plans to launch a hostile bid for Hollywood Entertainment Corp.
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DALLAS Dallas-based Blockbuster Incorporated is gearing up for a hostile takeover of rival Hollywood Entertainment if the two don&#39;t progress on merger talks.
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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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Blockbuster's willing to up the ante for Hollywood Video.
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Blockbuster Inc. is cutting the cost of its monthly online rental service, the latest salvo in a price war with Netflix Inc. and Wal-Mart Stores Inc.
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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.