Update 5: Blockbuster Offers $700M for Rival Chain
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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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Blockbuster Inc. BBI.N, the largest  U.S. video rental chain, on Tuesday said it plans to launch a  hostile bid for Hollywood Entertainment Corp. HLYW.O if the  smaller rival will not cooperate with its $700 million takeover  offer.
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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., the largest U.S.  video rental chain, on Thursday said it has offered to buy  competitor Hollywood Entertainment Corp. for about $700  million, topping Hollywood's agreement with a private buyout  firm.
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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's willing to up the ante for Hollywood Video.
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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 some analysts say could grow more than 40 percent this year.
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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. (BBI.N: Quote, Profile, Research) on Wednesday offered to raise its unsolicited bid for Hollywood Entertainment Corp.
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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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With an unconventional promotion, Blockbuster nets a new customer.
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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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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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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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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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The move marks the latest twist in an ongoing battle with Netflix and Wal-Mart. Blockbuster, the nation&#39;s largest movie-rental chain, is cutting the price of a monthly subscription to its online mail-delivery service to $14.99.
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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.